This year is moving ahead with a tremendous start for JK Cement! The company has won the Long-Term Limestone Supply Tender released by the Gujarat Mineral Development Corporation (GMDC). Under this deal, the company has got the right to supply 250 million tonnes of limestone from Lakh Pal Punarajpur mine of Kutch. This deal is not only a major victory for JK Cement, but it will further strengthen its position in western India.
Today, the company has officially signed this agreement with GMDC. This will keep the company getting high quality raw materials for a long time, which will further strengthen its business.
Q3Fy25 brilliant results, mixed opinions of brokerage houses
The quarterly results of JK Cement have created a stir in the market. The company’s performance was better than expected, making brokerage firms different reactions to this.
Motilal Oswal said that the company’s results have been better than estimated and 7-8% volume growth is expected in the coming months. He has given a ‘Buy’ rating to JK Cement with a target price of ₹ 5,630. Today, the company’s stock closed at 4886 till the end of trading. According to this target, it can give a return of 15% in the long term.
At the same time, ICICI Securities has given it a ‘add’ rating and has fixed a target price of ₹ 5,101. He says that the company’s performance has been stable and by FY26 its production capacity can reach 30mtpa. Today, the company’s stock closed at 4886 till the end of trading. In terms of this price, stock can give a return of 4%.
Nuwama has also kept a positive attitude towards the company’s future and maintained a BUY rating with a target price of ₹ 5,476. Today, the company’s stock closed at 4886 till the end of trading. In terms of this sense, this stock can give a return of 12%.
Antique Stock Broking also described JK Cement as one of the strongest contenders in the midcap segment. He said that the company’s Panna Line-2 will be operational by March next year, which will increase both production and profits. He retained the BUY rating, giving a target price of ₹ 5,100. According to the current price, it can give a return of 4%.
It is worth noting that the brokerage firm released its targets on 27 January. Since, the company has received this big order. In such a situation, it will be interesting to see whether these firms revise their target company or not.