Buy JK Cement; target of Rs 7200: Choice Institutional Equities
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Choice Institutional Equities maintains a BUY rating on JK Cement with a target price of INR 7,200. The investment thesis is supported by favorable cement sector conditions, a capacity expansion plan aiming for over 36 Mnt by FY27, a commitment to green power, a disciplined leverage strategy, and expected ROCE growth. The valuation is based on an EV to CE multiple of 3.7x for FY27E/FY28E, reflecting improving fundamentals. Users are advised to consult certified experts before making investment decisions.
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