JK Lakshmi Cement extends rally, up 27% in 9 days; stock nears record high

With today's rally, the market price of JK Lakshmi Cement has zoomed 117 per cent from its 52-week low of Rs 368.65, touched on May 12, 2022.

Shares of JK Lakshmi Cement hit a fresh 52-week high of Rs 800, as they soared 7 per cent on the BSE amid heavy volumes in an otherwise range-bound market.

The stock of cement maker quoted higher for the ninth straight trading day and has rallied 27 per cent during this period.  In comparison, the S&P BSE Sensex was down 0.34 per cent at 62,656 at 01:57 PM. The average daily trading volumes at the counter jumped over three-fold, with a combined 1.7 million shares changing hands on the NSE and BSE.

With today’s rally, the market price