JK Lakshmi Cement gains after turnaround Q1 results

JK Lakshmi Cement rose 1.08% to Rs 442.75 at 11:10 IST on BSE after the company reported net profit of Rs 28.64 crore in Q1 June 2016 compared with net loss of Rs 23.48 crore in Q1 June 2015.

The result was announced after market hours yesterday, 11 August 2016.

Meanwhile, the BSE Sensex was up 272.51 points, or 0.98%, to 28,132.11.

On BSE, so far 27,000 shares were traded in the counter, compared with average daily volume of 21,940 shares in the past one quarter. The stock hit a high of Rs 458.80 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 442 so far during the day. The stock hit a 52-week low of Rs 253 on 12 February 2016. The stock had outperformed the market over the past 30 days till 11 August 2016, rising 10.47% compared with 0.16% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 28.03% as against Sensex's 9.30% rise.

The mid-cap company has equity capital of Rs 58.84 crore. Face value per share is Rs 5.

JK Lakshmi Cement's net sales rose 31.6% to Rs 777.23 crore in Q1 June 2016 over Q1 June 2015.

JK Lakshmi Cement manufactures cement, which it sells under the brand name JK Lakshmi.

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