New Delhi, Feb. 19 -- Brokerage house Geojit Financial Services has issued a 'sell' call on JK Cement with a target price of Rs.4,100, implying a downside potential of 9 per cent from its previous close of Rs.4,516.55.
JK Cement Ltd., a leading player in India's cement industry, continues to expand its domestic and international footprint. With a grey cement production capacity of 24.34 million tonnes per annum (MTPA) and a white cement capacity of 3.05 MTPA, the company operates across 19 states in India and exports to 32 countries.
While long-term growth prospects remain intact, Geojit highlights that near-term headwinds such as pricing pressures and rising costs could impact performance.
Against this backdrop, Geojit suggested selli...
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