JK Lakshmi Cement: Set for growth
Attractive valuation and cost-saving initiatives should work in the stock’s favour
Since our recommendation in November 2016, the stock of cement player JK Lakshmi Cement (JKLC) is down 6 per cent. While demonetisation and GST delayed economic recovery and impacted cement despatches, the rise in petcoke and diesel prices affected margins in the last year. However, at the current market price of ₹439, the stock’s valuation looks attractive with an enterprise value of $89 per ...
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