Axis Securities Places Buy On This Multibagger Midcap Cement Stock, Shares Likely To Surge In 2023

Axis Securities Places Buy On This Multibagger Midcap Cement Stock, Shares Likely To Surge In 2023

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.

Retail Investor Support

Equity Research Coverage

Public Relations