JSW Cement Shares Dip 2% After 14% Rally; Q4 Profit Soars 2,162% YoY on Lower Base
मुख्य बातें
- •JSW Cement shares fell 2% on Monday after a 14% rally over two sessions; stock up 13% year-to-date.
- •Q4 FY26 net profit surged 2,162% YoY to Rs 362 crore due to a lower base effect from a non-cash exceptional expense.
- •Revenue grew 11% YoY to Rs 1,895 crore; company declared a dividend of Rs 0.50 per share for FY26.
- •Motilal Oswal maintained a Neutral rating with a target of Rs 135, citing soft April demand but expecting normalisation.
- •JSW Cement approved a 2.5 mtpa grinding unit in Nagaur at Rs 4.3 billion capex, targeting commissioning by January 2028.
- •JM Financial maintained a Buy rating with a target of Rs 155, citing strong volume growth guidance and cost-saving measures.
- •Analysts highlight long-term growth potential but note near-term margin pressure from soft demand and high costs.
Shares of JSW Cement declined by around 2% on Monday, ending a two-day winning streak during which the stock had surged over 14%. The stock had reached Rs 135.76 per share despite a broadly positive market sentiment on Monday morning. Over the past week, the stock has gained over 10%, and year-to-date, it has risen by 13%.
