Buy JK Cement, target price Rs 5,300: JM Financial Jobbery Stock Market update

JM Financial recommends buying JK Cement with a target price of Rs 5,300, up from the current Rs 4,824.85. The company aims to double grey cement capacity by FY30, promising significant volume growth. Strong market mix and cost improvements are expected, despite planned capex. JK Cement remains a preferred mid-cap pick, with promoters holding a 45.68% stake.