Buy JK Cement; target of Rs 3856: ICICI Securities

ICICI Securities Research Report on JK . Cement JK Cement (JKCE)’s performance in Q1FY24 remained good, being one of the few cement companies to record a QoQ margin improvement of around 170 basis points (EBITDA 15% higher than estimates). We see the possibility of further margin improvement through the short-term benefits of a) new Panna …

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