Friday, September 13, 2019

Buy J K Cement, target Rs 1204: Anand Rathi

We expect 28 percent PAT CAGR over FY19-21, partly hit by higher depreciation and interest costs and raise our rating to a Buy, with a higher target of Rs 1,204, implying PE of 17.5x and EV of USD 109/tonne.

from Moneycontrol https://ift.tt/2Ne1A2u

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