/ Ways2Capital : JK Cement Climbs 3.5% On Three-Fold Jump In Q3 Net Profit ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 6 February 2017


In Monday’s trading session, JK Cement's stocks have climbed over 3.5% after the company declared its Q3 results on Saturday.

The company has witnessed over a threefold jump in its standalone net profit to Rs 66.43 crore in Q3. In October-December a year ago, the company has reported a net profit of Rs 17.67 crore. The stock has delivered 70.47% returns in a period of one year, and the stock has outperformed the BSE Mid-cap index and the Nifty Commodities index over a period of one year.

JK Cement manufactures and sells grey and white cement in India. The company in 2014 expanded its capacity in the North with brownfield expansion of 1.5 MnTPA integrated unit at Mangrol and split grinding unit of 1.5 MnTPA at Jhajjar. J K Cements Ltd is currently trading at Rs 791, up by Rs 36.45 or 4.83% from its previous closing of Rs 754.55 on the BSE.

The scrip opened at Rs 790 and has touched a high and low of Rs 799.95 and Rs 778.2 respectively. So far 216952(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 5276.57 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 990 on 10-Oct-2016 and a 52 week low of Rs 425 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 780 and Rs 715.6 respectively.

The promoters holding in the company stood at 67.02 % while Institutions and Non-Institutions held 25.37 % and 7.6 % respectively. The stock is currently trading above its 200 DMA.

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