This fund lays emphasis on delivering superior risk-adjusted returns. While the fund manager is benchmark aware, he prefers a bottom-up approach. The fund performance has been inconsistent for many years but has shown strong pick-up over the past year.
ICICI Direct has buy call on JK Lakshmi Cement with a target price of Rs 575. for a time frame of 12 months. The current market price of JK Lakshmi Cement is Rs 525.1.
Analysts said Nifty may witness further bounce if it manages to hold above this level. Can the index manage to take out the 15,300 level this week? Or will we see some more consolidation?
Stocks in the news: SBI, RIL, NBCC, Apollo Tyres, IEX, Mindtree, Hindalco and Shree Cements
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Last Updated: May 21, 2021, 08:21 AM IST
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United Spirits, Dr Lal Pathlabs, Godrej Industries, Ircon International and Birlasoft are among companies which will announce their March quarter results today.
Stocks in focus: Havells, ZEE Ent, Apollo Tyres, IEX, Mindtree, Hindalco and more
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Nifty futures on the Singapore Exchange traded 127 points, or 0.85 per cent, higher at 15,065 signaling that Dalal Street was headed for a positive start on Friday. Here are a few stocks which may buzz the most in today s trade:
JK Lakshmi Cement shares rally over 9 per cent after Q4 earnings
PTI
New Delhi |
Updated on
May 21, 2021
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The company posted a 61 per cent increase in consolidated net profit at Rs 159 crore in the fourth quarter Shares of JK Lakshmi Cement on Friday zoomed over 9 per cent after the company reported a 61.34 per cent increase in consolidated net profit for the fourth quarter ended March 2021. The stock gained 9.14 per cent to Rs 509.80 its 52-week high on the BSE. On the NSE, it jumped 9.48 per cent to its 52-week high of Rs 510. JK Lakshmi Cement on Thursday reported a 61.34 per cent increase in consolidated net profit at Rs 159.13 crore for the fourth quarter ended March 2021, helped by higher volumes and improved cost efficiencies.