
Broker’s call: JK Lakshmi Cement (Buy)
Target: ₹872 CMP: ₹719.10 We maintain our Buy rating on JK Lakshmi (JKLC) with an unchanged target price of ₹872/share (9x FY27E consolidated EBITDA), post our interaction with the management. After a flattish FY25, we estimate JKLC’s volume growth to accelerate to 9 per cent CAGR during FY25-27E on the ramp-up of its north expansion....
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