JK Lakshmi Cement inches up on eyeing double-digit sales growth in FY18

30 May 2017

JK Lakshmi Cement is currently trading at Rs. 497.50, up by 0.50 points or 0.10% from its previous closing of Rs. 497.00 on the BSE.

The scrip opened at Rs. 492.20 and has touched a high and low of Rs. 497.50 and Rs. 484.45 respectively. So far 6813 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 535.00 on 17-May-2017 and a 52 week low of Rs. 326.75 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 510.05 and Rs. 465.25 respectively. The current market cap of the company is Rs. 5841.14 crore.

The promoters holding in the company stood at 45.94%, while Institutions and Non-Institutions held 33.47% and 20.59% respectively.

JK Lakshmi Cement is eyeing double digit sales growth this fiscal with the cement industry likely to benefit from increased demand from infrastructure projects and housing sector. The company, which is currently investing Rs 150 crore to set up a new grinding unit at Odisha, also expects allied products like readymade concrete, plaster of paris and mortars to pick up.

JK Lakshmi Cement, part of the $4 billion JK Group, operates integrated cement facilities at Sirohi (Rajashthan), Durg (Chhatisgarh), Kalol and Surat (Gujarat) and Jharli (Haryana).

Related JK Lakshmi Cement Ltd. Links:

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