JK Cement climbs 4%, hits fresh record high; stock up 68% so far in CY19

The expansions and pick-up in demand, besides the anticipated better pricing situation in the northern markets, would improve the company's performance, analysts say.

Shares of JK Cement gained 4 per cent on the BSE on Wednesday to hit a new high of Rs 1,198, in an otherwise range-bound market on expectation of strong operational performance and improvement in demand.

The stock surpassed its previous high of Rs 1,197 touched on November 8, 2019. In comparison, the S&P BSE Sensex was down 0.22 per cent at 40,584 points at 02:28 pm. Thus far in calendar year 2019, the stock has zoomed 68 per cent, as compared to a 13 per cent rise in the benchmark index.

JK Cement had reported more-than-double consolidated