Anand Rathi Recommends 'BUY' on JK Cement, Sets Target Price at Rs 7545
Business
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Moneycontrol•21-01-2026, 11:37
Anand Rathi Recommends 'BUY' on JK Cement, Sets Target Price at Rs 7545
- •Anand Rathi has issued a research report recommending a 'BUY' rating for JK Cement.
- •The target price for JK Cement has been revised upwards to Rs 7,545, from the previous Rs 7,016.
- •Despite weak pricing and rising petcoke costs, JK Cement showed strong volume growth and cost optimization.
- •The company plans to expand its grey cement capacity to 38 million tonnes by FY28, aiming for 50 million tonnes by 2030.
- •Net debt is expected to increase due to capital expenditure, but sales volume is projected to exceed industry demand.
Why It Matters: Anand Rathi maintains a 'BUY' rating on JK Cement, citing strong growth prospects and revised target price.
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