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JK Lakshmi Cement surges 7%, nears record high on healthy Q4 results

The company said it has improved its profitability on account of substantial higher volumes, higher realisations, improved efficiency, improved product mix etc

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JK Lakshmi Cement | Buzzing stocks | Markets

SI Reporter  |  Mumbai 



Labour loading cement bags in a container | File photo

Shares of surged 7 per cent and hit a fresh 52-week high of Rs 499.70 on the BSE in intra-day trade on Friday after the company reported 37 per cent year-on-year (YoY) jump in March quarter (Q4FY21) standalone net profit at Rs 138.27 crore, on the back of healthy operational performance. It had a profit of Rs 101.21 crore in Q4FY20. The stock was trading close to its record high level of Rs 535, touched on May 17, 2017.

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First Published: Fri, May 21 2021. 10:04 IST

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