Leading brokerage firm Axis Securities in its recent report has placed a buy call on JK Cements Limited. The brokerage has estimated a target price of Rs 3,350 apiece for the stock. According to the given target price, the stock can jump 12% from its current level if it the purchased at the current market price. The company operates in the cement sector. It is a midcap company having a market capitalisation of Rs 23,384.85 crore.
Stock Outlook & Returns
The stock last traded at Rs 3,026.15 apiece on NSE, gaining 3.34% as compared to its previous close. Its 52-week low level is Rs 2,003.70 apiece and its 52-week high is Rs 3,659.25 apiece, respectively.
The stock in the past 1 week has fallen 1.53%, and in the past 3 months, it surged 19.15%, respectively. It gave 11.96% negative returns in the past 1 year. However, in the past 3 years, it has given 160.92% multibagger returns, and in the past 5 years, it gave 179.12% multibagger returns, respectively.