Updated Feb 19, 2026 10:59 IST
JK Cement Share: Motilal Oswal has maintained the BUY rating on JK Cement and raised the target price to Rs 6,780…(Image Source: Pexels)
highlights
- Motilal Oswal has maintained BUY rating on JK Cement and set the target price at Rs 6,780.
- This target of Motilal Oswal shows about 15% upside from the current level.
- Strong demand, new capacity and 13% estimated volume growth are positive signs for the company.
JK Cement Share: Brokerage house Motilal Oswal has once again bet on the cement sector’s leading stock JK Cement. Motilal Oswal Financial Services (MOSL) has given BUY rating on the stock and also increased the target price to Rs 6,780. Looking at the current level of Rs 5,911.50 (previous close), an upside of about 15% is considered possible. Earlier, the brokerage had given a target of Rs 6685 on the cement stock.
Providing support to demand and capacity expansion
Motilal Oswal said that the company’s capacity utilization is improving due to strong demand in North and Central India. The special thing is that Panna Phase-2 project has started on time and the expansion work in Jaisalmer is going on at a fast pace. Its direct benefit can be seen in the form of volume growth in the coming years.
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According to the report, by FY28, about 80% of the company’s grinding capacity will be in the north and central regions. Both these areas are considered strong in terms of infrastructure and housing demand. In such a situation, regional focus can support the company’s margin and growth.
Strong estimate of volume growth
MOSL expects the company to register volume growth at around 13% CAGR between FY26 to FY28. This growth will mainly come from new capacity addition and improved demand environment. In the cement sector where input costs and pricing power play a big role, strong volume growth can be a game changer for any company.
The cement sector is often associated with capex cycles and infrastructure spending. If the trend of government and private investment remains strong, players like JK Cement may benefit. However, it will be necessary to keep an eye on raw material prices and competition.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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