Buy or Sell: JK Lakshmi Cement Share Price Target 2024, 2025, 2030 & 2040 Prediction

Today, we are going to estimate the JK Lakshmi Cement Share Price Target 2024 to 2050 Long Term Prediction. JK Lakshmi Cement is listed on the NSE under the symbol “JKLAKSHMI” and on the BSE with the code “500380“. let’s analyze the future of JK Lakshmi Cement shares as well, including whether it’s a good time to buy or sell them today.

Additionally, we will also take into analysis JK Lakshmi Cement Share Recommendations from various brokerage firms, including Target’s High Price, Target’s Low Price and Recommendation at the end of the article.

Profile of JK Lakshmi Cement


NameJK Lakshmi Cement Ltd.
IndustryCement
Founded1982
ServicesCement, Plaster of Paris (POP), and Ready Mix Concrete (RMC)
ProductJK Lakshmi PRO+ Cement, Platinum Heavy Duty Cement, and other cement products
CountryIndia
WebsiteJK Lakshmi Cement
Profile JK Lakshmi Cement

Keep an eye on JK Lakshmi Cement’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in JK Lakshmi Cement’s stock price.

JK Lakshmi Cement Share Price Today


JK Lakshmi Cement Share Price History


Brokerage Firms

JK Lakshmi Cement Share Price Target 2024

An effective method for evaluating the JK Lakshmi Cement share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are available on JK Lakshmi Cement.

DATEAUTHORTARGETTYPE
14 FEB 2024HDFC Securities1015.00 Buy
14 FEB 2024SBI Securities1090.00 Buy
14 FEB 2024Axis Direct1000.00 Buy
20 DEC 2023Axis Direct 1000.00 Buy
07 NOV 2023HDFC Securities 910.00 Buy
07 NOV 2023BOB Capital Markets Ltd.551.00 Sell
07 NOV 2023Axis Direct 880.00 Buy
06 NOV 2023Motilal Oswal930.00 Buy

JK Lakshmi Cement Share Price Target


The financial services firm HDFC Securities published the latest research report on JK Lakshmi Cement’s Share Price Target, assigning a ‘BUY’ rating with a share price target of Rs. 1,015 from its current market price of Rs. 886as of 13 Feb 2024.

In the third quarter of the fiscal year 2023-24 (Q3FY24), JKLC showcased a healthy 8% year-on-year volume growth. The company also witnessed a significant expansion in its EBITDA margin, reaching INR 1,021 per metric ton, the highest in 11 quarters. This remarkable performance was attributed to various factors including lower fuel costs, increased consumption of green power, and reduced lead distance quarter-on-quarter.

JKLC is poised for further growth with the imminent commissioning of its 2.5 million metric ton grinding capacity in Udaipur by the end of Q4FY24. Additionally, over the next three years, the company plans to augment its clinker and cement capacities by 3.3 and 7.5 million metric tons respectively. This expansion, spanning across regions like east, northeast, Uttar Pradesh, and Gujarat, will require an investment of INR 40 billion.

The company’s performance in Q3FY24 was commendable, with consolidated volume witnessing an 8% year-on-year and quarter-on-quarter growth. Despite flat net sales realization (NSR) quarter-on-quarter, JKLC managed to decrease operating expenses by 5% due to lower input costs. Notably, the share of trade sales declined quarter-on-quarter while the share of low-cost green power increased significantly.

Looking ahead, JKLC anticipates 8-10% volume growth in Q4FY24 and aims for low double-digit volume growth in the fiscal year 2024-25 (FY25). The company also expects further reduction in fuel costs by approximately 4% quarter-on-quarter in Q4FY24. Expansion plans include the commissioning of the Udaipur grinding expansion and the addition of waste heat recovery systems (WHRS) to enhance efficiency.

Furthermore, JKLC is focused on increasing its thermal substitution rate (TSR) and has announced expansions in various regions including Surat, Durg, east India, and Uttar Pradesh. Despite accelerating capital expenditure (capex), the company is expected to maintain a net debt/EBITDA ratio of under 2x.

In light of the strong Q3 performance and optimistic growth outlook, analysts have revised the target multiple to 9x March 2026 EV/EBITDA. This reflects confidence in JKLC’s ability to execute its expansion plans while maintaining a healthy financial position. Investors are advised to keep an eye on the company’s project timelines and execution efficiency for further insights into its future performance.

JK Lakshmi Cement Share Price Target 2024 to 2050

Long-Term Prediction

To analyze the JK Lakshmi Cement Share Price Target prediction, I will employ technical analysis and machine learning models, specifically focusing on chart patterns, market trends, and historical performance data.

JK Lakshmi Cement Share Price Target 2024
Minimum TargetMaximum Target
₹950₹1050
JK Lakshmi Cement Share Price Target 2025
Minimum TargetMaximum Target
₹1000₹1150
JK Lakshmi Cement Share Price Target 2026
Minimum TargetMaximum Target
₹1050₹1250
JK Lakshmi Cement Share Price Target 2027
Minimum TargetMaximum Target
₹1100₹1350
JK Lakshmi Cement Share Price Target 2028
Minimum TargetMaximum Target
₹1150₹1450
JK Lakshmi Cement Share Price Target 2029
Minimum TargetMaximum Target
₹1200₹1550
JK Lakshmi Cement Share Price Target 2030
Minimum TargetMaximum Target
₹1250₹1650
JK Lakshmi Cement Share Price Target 2035
Minimum TargetMaximum Target
₹1500₹2000
JK Lakshmi Cement Share Price Target 2040
Minimum TargetMaximum Target
₹1750₹2350
JK Lakshmi Cement Share Price Target 2045
Minimum TargetMaximum Target
₹2000₹2700
JK Lakshmi Cement Share Price Target 2050
Minimum TargetMaximum Target
₹2250₹3050

JK Lakshmi Cement a Good Buy 2024


If you’re considering investing in JK Lakshmi Cement shares, you might be wondering, ‘Is JK Lakshmi Cement a good buy for long-term investment?’ Let’s analyze the stock performance and whether it’s a good time to include JK Lakshmi Cement in your long-term investment portfolio in 2024.

Oscillators and Moving Averages: Key oscillators like the Relative Strength Index (RSI) and the Commodity Channel Index (CCI) are showing neutral signals, indicating that the stock is neither overbought nor oversold. This is a good sign for stability. Additionally, most moving averages, including the Exponential Moving Average (EMA) and Simple Moving Average (SMA) across different time frames (10, 20, 30, 50, 100, 200 days), are signaling ‘Buy’. This consistent ‘Buy’ signal across various moving averages is a strong indicator of the stock’s potential for long-term growth.

Momentum and MACD: The Momentum indicator is showing a ‘Buy’ signal, suggesting that the stock’s price might continue to increase. However, the MACD (Moving Average Convergence Divergence) Level is indicating ‘Sell’, which could imply some short-term pullbacks or volatility.

Pivot Points: The pivot point analysis, which helps in identifying the key support and resistance levels, also indicates a positive trend with higher resistance levels compared to support levels.

The technical indicators suggest a neutral to positive outlook for JK Lakshmi Cement. This means that while there are some fluctuations in the market, the general trend seems favourable, while the technical analysis presents a generally positive outlook for JK Lakshmi Cement as a long-term investment in 2024.

Company’s Fundamentals


Analyst Recommendations

JK Lakshmi Cement Buy or Sell


Daily Low / High


Peer Comparison of JK Lakshmi Cement


NameP/EMar Cap Rs.Cr.
UltraTech Cem.43.78280650.62
Ambuja Cements34.87113489.54
Shree Cement40.5795454.99
ACC29.3849210.63
JK Cements46.2031977.10
Birla Corpn.43.0512857.61
Nuvoco Vistas18.4312054.00
JK Lakshmi Cem.25.6010743.24
Upstox-ads

How to Buy JK Lakshmi Cement Share


  • Click on the “Open an Account in Upstox
  • Fill in the required details
  • Complete the verifying your identity
  • Login to Your Account
  • Search for JK Lakshmi Cement
  • Place an Order.

JK Lakshmi Cement Share Price Today?

– As of 15 February 2024, the current share price of JK Lakshmi Cement is ₹912 Check out today’s current share price of JK Lakshmi Cement at the top.

JK Lakshmi Cement Share Price in 2006?

– According to Google historical data, the price of JK Lakshmi Cement on 23 JUN 2006 was ₹1665.95.

JK Lakshmi Cement Share Price Target 2024?

– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2024 is projected to be ₹1050.

JK Lakshmi Cement Share Price Target 2025?

– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2025 is projected to be ₹1150.

JK Lakshmi Cement Share Price Target 2027?

– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2027 is projected to be ₹1350.

JK Lakshmi Cement Share Price Target 2030?

– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2030 is projected to be ₹1650.

JK Lakshmi Cement Share Price Target 2035?

– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2035 is projected to be ₹2000.

To stay updated with the latest information related to the stock market and receive live stock market updates, follow Sharedhan and stay connected with us. Check out Today’s Share Market Open or Closed India.

Google NewsFacebook
TelegramYoutube

I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices.

Disclaimer– These Share Price Targets for “JK Lakshmi Cement Share Price Target” are only provided for informational purposes. It does not constitute a recommendation to buy, sell, or hold JK Lakshmi Cement stock. Investors should conduct their research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com

Rate this post
Harry
Harry

In 2015, I Started Working as a Blogger Now I am a Versatile Professional With Experience in Blogging and Content Writing. I entered the stock market as a beginner in 2017. I was passionate about the stock market and learned something new every day. I Conduct Thorough Research and Produce High-Quality Content for Our Readers. Every Piece of Content Is Based on My Extensive Expertise and In-Depth Research.

Sharedhan
Logo