HDFC recommends buying JK Lakshmi Cement shares

HDFC Securities recommends buying shares of JK Lakshmi Cement, setting a target price of Rs 872. The company's total income for Q3 FY24 was Rs 1505.87 crore, up 21.18% from the previous quarter but down 12.43% year-on-year. The current market price is Rs 723.1, with a net profit of Rs 62.75 crore reported for the latest quarter. JK Lakshmi Cement has a market cap of Rs 8521.08 crore and operates in the cement sector. Promoters hold 46.34% of the company, while foreign institutional investors own 11.93% and domestic institutional investors hold 25.2%. HDFC Securities maintains a positive outlook on the company's growth prospects.