JK Lakshmi Cement can give shareholders good returns

JK Lakshmi Cement can give shareholders good returns
Published: 11 August 2006

Jigar Shah of KR Choksey Securities is of the view that JK Lakshmi Cement can give 40-50% appreciation in a year.  Shah told CNBC-TV18, “If one looks at Q1 numbers, cement has been the most impressive. Given the kind of activity happening in the economy at present the cement cycle is likely to remain buoyant and profitable.  “But in case of JK Lakshmi Cement, the performance is excellent, the Q1 is showing profits more than half that in the last full year. It looks that the trend can be sustain from here and therefore the stock is definitely at an attractive valuation and can give a good capital appreciation from this level.”