JK Cement gains on reporting 30% rise in Q1 net profit

14 Aug 2017

JK Cement is currently trading at Rs. 1044.75, up by 24.90 points or 2.44% from its previous closing of Rs. 1019.85 on the BSE.

The scrip opened at Rs. 1059.90 and has touched a high and low of Rs. 1073.40 and Rs. 1032.75 respectively. So far 522 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1194.95 on 22-May-2017 and a 52 week low of Rs. 630.00 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1073.40 and Rs. 975.00 respectively. The current market cap of the company is Rs. 7308.10 crore.

The promoters holding in the company stood at 64.16%, while Institutions and Non-Institutions held 24.53% and 11.31% respectively.

JK Cement has reported a rise of 30.39% in its net profit at Rs 79.34 crore for first quarter ended June 30, 2017, as compared to Rs 60.85 crore for the same quarter in the previous year. Total revenue of the company increased by 15.88% at Rs 1227.07 crore for Q1FY18 as compared Rs 1058.96 crore for the corresponding quarter previous year.

JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.

Related JK Cement Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323