JK Cement shares fall 3% after Q2 results, Citi reduces target price. Should you buy, sell or hold?
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Shares of JK Cement tumbled 3% to an intraday low of Rs 6,018.45 on the BSE on Monday, even after the company reported a 17% year-on-year rise in consolidated profit for the September quarter, supported by higher volumes, even as margins came under pressure from rising costs. JK Cement on Saturday, November 1, reported a consolidated profit after tax (PAT) of Rs 159 crore for the quarter ended September 30, 2025 (Q2 FY26), up from Rs 136 crore in the same period last year. Despite a decent performance in Q2, global brokerage firm Citi reduced the JK Cement stock’s target price to Rs 7,275, from an earlier Rs 7,600. Revenue from operations grew 18% year-on-year to Rs 3,019 crore, compared with Rs 2,560 crore in Q2 FY25, driven largely by volume gains. Total expenses rose to Rs 2,827 crore from Rs 2,545 crore a year earlier, reflecting higher power, fuel, and freight costs as production expanded. Live Events On a sequential basis, however, ...