JK Cement is a mid sized cement company with presence in West and South West. In the last year, the company has ramped up its capacity from 10.47 MTPA to 14.67 MTPA, however, capacity utilization remained low due to subdued demand prior to pandemic and more so during the lockdown period. However, with normalcy returning, JK Cement’s additional capacity has enabled it to out-perform its peer group. This may sustain for a few more quarters. It is for this reason that we have an over weight rating. The efficiency of cement plants is at par with industry and company has a good brand image. Main risk factor is lower demand for cement – 11-06-2021 Price: 2850.75 Rating: Over Weight Recommendation: Buy
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