JK Lakshmi Cement shares up over 9%; touch one-year high
Results 1 to 6 of 6
JK Lakshmi Cement Stock News, Analyst Calls And Reviews
JK Lakshmi Cement gained today after it declared sturdy third quarter numbers.
The company’s scrip was ruling at Rs 65.90 after gaining Rs 4.4 (7.15%) at the Bombay Stock Exchange (BSE) at 9:42 a.m.
JK Lakshmi Cement has registered a net profit of Rs 492.4 million for the three month period ended Dec. 31, 2011 as against net profit of Rs 46 million for the same period of 2010, representing steep incraese of 10.7 times.
Total income of the firm augmented to Rs 4388.1 million for the quarter ended Dec. 31, 2011 from Rs 3,153.3 million for the quarter ended Dec. 31, 2010, recording a growth of 39.15%.
JK Lakshmi Cement also plans to roll out a Rs 97.5 crore share buy-back plan by the coming month in an attempt to restore shareholders’ trust in the company.
The company’s directors sanctioned buying back of shares to the tune of Rs 97.5 crore at a price not surpassing Rs 70 per share.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
JK Lakshmi Cement shares up over 9%; touch one-year high
JK Lakshmi Cement: Investors could consider on long-term basis
Angel Broking upbeat on cement, recommends JK Lakshmi
Franklin Templeton lifts up equity stake in JK Lakshmi to 5.02 pc
JK Lakshmi Cement welcomes removal of customs duty on coal
