JK Lakshmi Cement Ltd up by 11.93 percent | Espresso Shot of the Day

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Espresso Shot of the Day - JK Lakshmi Cement Ltd up by 11.93 percent

September 08, 2022
Espresso Shot of the Day - JK Lakshmi Cement Ltd up by 11.93 percent

JK LAKSHMI CEMENT LTD 558.40 (+11.93%) BSE – INE786A01032 | 8th September 2022

https://www.myespresso.com/images/Binge-graph-image_JK-Lakshmi-Cement-Ltd-202209081845209955780.jpg

JK Lakshmi Cement Limited is a part of the prestigious JK Organisation. This eminent industrial house is over a hundred and twenty five years old and boasts operations in India and abroad with a leadership presence in the fields of tyre, cement, paper, power transmissions, sealing solutions, dairy products and textiles. The company has a well established name in the Indian Cement industry since the last three decades and has an annual turnover of over Rs.4000 crores. It has a formidable presence in Northern, Western and Eastern India's cement markets.


Recent Driver

  • JK Lakshmi Cement launched its premium cement, JK Lakshmi Pro + Cement in Central & Eastern Uttar Pradesh at Hotel Ramada, Lucknow on September 3rd 2022. 
  • JK Lakshmi Cement Limited informed the Exchanges about appointment of Shri Amit Chaurasia as Company Secretary & Compliance Officer of the Company from September 1st 2022.
  • On July 27th 2022, the company reported a Quarterly Net Profit at Rs.111.18 crore in June 2022.
  • On July 27th 2022, the company reported a Quarterly Net Sales at Rs.1,654.14 crore in June 2022, up 24.79% from Rs.1,325.58 crores in June 2021.
  • On May 18th 2022,the company declared a final dividend of Rs.5 per Equity share for FY 2021-22, subject to approval by shareholders of the company.
 (Sources: BSE, Moneycontrol,First India)


Technical Force*

  • S&P Bse 500 month till date gain by 0.70%.
  • 3 months avg. NSE volume: 270,468
  • Quantity traded: 1,12,574 | Deliverable Quantity: 33,063 (29.37 %)
  • The stock price jumped by more than 50% from a one-year low level: 368.65 (May 12,2022)
  • Daily RSI (14) is at overbought territory today.
  • 52-week-high: 746.50 |52-week-low: 368.65


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1330.58

1072.92

826.03

568.37

321.48

63.82

-

-

Fibonacci Pivot

1072.92

880.18

761.10

684.41

568.37

452.32

375.63

256.55

63.82

     

Today’s Close

558.40

SMA

BSE

10 DAY

483.20

20 DAY

476.15

50 DAY

454.43

200 DAY

484.88


Some Key Ratios (Source: BSE)

Market Cap: 6,570.70 crores

PE: 16.09

OPM%: 14.47

ROE%:  16.65

Promoters holding%: 46.31

Prev. Close:  498.90


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.