Jefferies has maintained its buy rating on JK Cement with a target price of ₹7,370, citing the company’s strong regional diversification and industry-leading capacity expansion plans. The brokerage highlighted the announcement of a new 7 million tonne per annum greenfield project in Jaisalmer, Rajasthan, with a capital expenditure of ₹4,800 crore, as a key milestone in its growth strategy.
The project will take JK Cement’s total capacity to around 40 mtpa by FY28, with a target of 50 mtpa by FY30. Jefferies noted that Jaisalmer is emerging as a new limestone hub, and JK Cement is leading the expansion in the region, with peers expected to follow. The brokerage said the company’s aggressive expansion strategy, coupled with its geographic diversification, positions it strongly to capture rising demand in key markets and sustain growth momentum in the cement sector.
Disclaimer: The views and recommendations made in this article are those of Jefferies. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
