JK Lakshmi Cement stock price up by 28% in November

30 Nov 2022 , 12:14 PM

In Wednesday’s intraday session, shares of JK Lakshmi Cement reached a record high of Rs 706.55, up 3% on the BSE and 6% over the previous three days due to a positive business outlook. The stock price of the cement company has increased by 28% so far in November, compared to a near 5% increase in the S&P BSE Sensex. The stock rose over Rs 683.85, or the 52-week high, on September 20, 2022. JK Lakshmi Cement’s net sales for Q2FY23 increased 16% year over year (YoY) to Rs 1,303 crore. Profit fell 22.7% YoY to Rs 59.62 crore due to rising input costs.

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