JK Lakshmi Cement hits record high, stock soars 28% in November

The stock was trading higher for the third straight day and has gained 6 per cent during this period.

Shares of JK Lakshmi Cement hit a record high of Rs 706.55, up 3 per cent on the BSE in Wednesday’s intra-day trade, gaining 6 per cent in the last three days on healthy business outlook. Thus far in the month of November, the stock price of the cement company has zoomed 28 per cent, as compared to near 5 per cent rally in the S&P BSE Sensex. The stock surpassed its 52-week high of Rs 683.85, touched on September 20, 2022.

For Q2FY23, JK Lakshmi Cement’s net sales rose 16 per cent year-on-year (YoY) to Rs 1,303 crore.