JK Cement shares drop 3% after Q2 results and target cut
market hours1 source ↓written by the desknot a recommendation
- to ₹6
- 3%
- rise in consolidated
- 17%
- for Q2 FY26
- ₹159 cr
- revenue increase
- 18%
- revenue increase
- ₹3,019 cr
Shares of JK Cement fell 3% to ₹6,018.45 after reporting a 17% rise in consolidated profit to ₹159 cr for Q2 FY26. Despite an 18% revenue increase to ₹3,019 cr, Citi lowered its target price to ₹7,275 from ₹7,600 due to rising costs impacting margins. This may affect trader sentiment in the near term.
Not investment advice. For informational purposes only.