Is JK cement a good stock to buy?

Is JK cement a good stock to buy?

Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. J.K. Cement’s earnings over the next few years are expected to increase by 53%, indicating a highly optimistic future ahead.

Who is the owner of JK Cement?

J.K. Cement is an affiliate of the J.K. Organization which was founded by Lala Kamlapat Singhania in the year 1994.

Why is JK Lakshmi Cement share falling?

JK Lakshmi Cement share price fell nearly 3 per cent on Wednesday after the company shared its plans to foray into business. It is setting up a plant to manufacture decorative paint with a total capital investment of Rs 600 crore to be invested over a period of 5 years.

Why Cement stocks are falling?

Input costs have remained elevated for the past few months and cement companies haven’t been able to pass on the cost increase. Besides this, aggregate free cash flow generation has declined due to working capital blockage and an increase in capex during the financial year 2022.

What is full form of JK Cement?

The name JK is derived from the initials of Kamlapat and his father Seth Juggilal (1857–1922), who belonged to the family associated with the Marwari firm Sevaram Ramrikhdas of Mirzapur. The JK group was founded in 1918. J. K. Organisation. Industry. cement, tyre, paper, Software, FMCG ,Dairy products.

Is JK cement an MNC company?

JK cement is an Indian multinational cement company. The company headquarter is in Kanpur, India. It is a leading cement manufacturing company in India.

What is the target price for JK Lakshmi Cement?

Date Stock Target
20 May 2022 JK Lakshmi Cement Ltd. 620.00
20 May 2022 JK Lakshmi Cement Ltd. 570.00
10 Mar 2022 JK Lakshmi Cement Ltd. 470.00
09 Nov 2021 JK Lakshmi Cement Ltd. 730.00

Which is the best cement stock?

List of Best Cement Stocks to buy now in India

Sr.No Company Name BSE Scrip Code
1 Ultra Tech 532538
2 Shree Cements 500387
3 Ambuja 500425
4 ACC 500410

Why cement price is increasing?

Reasons behind the price hike The cost pressures (higher fuel prices) lead to the price hike. Raw material prices are up 60 percent to 70 percent in the last one year. The buoyancy in cement price is expected to reduce the burden of rising raw material costs.

What is the future of JK Lakshmi Cement?

Based on our forecasts, a long-term increase is expected, the “Jk Lakshmi Cement Ltd” stock price prognosis for 2027-06-25 is 883.041 INR. With a 5-year investment, the revenue is expected to be around +109.77%. Your current $100 investment may be up to $209.77 in 2027.

Is it a good time to invest in cement stocks?

Valuations of major cement companies, such as UltraTech Cement, ACC, Ambuja Cements, Shree Cement and Dalmia Bharat, have become attractive this year after stocks of these top building-materials producers fell 18-28% so far this year.

Why do cement stocks fall?