JK CEMENT Plunges by 10%; BSE 500 Index Down 9.4%
March 23, 2020 10:18 AM

JK CEMENT share price has plunged 10% and is presently trading at Rs 987.

Meanwhile, the BSE 500 Index is at 10,631 (down 9.4%).

Among the top losers in the BSE 500 Index today are JK CEMENT (down 10.4%) and HONEYWELL AUTOMATION (down 18.2%).

CERA SANITARY (up 14.6%) and IPCA LABS (up 7.8%) are among the top gainers today.

Over the last one year, JK CEMENT has moved up from Rs 839 to Rs 987, registering a gain of Rs 148 (up 17.7%)..

The BSE 500 has moved down from 15,137 to 10,631, loss of 4,506 points (down 29.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 271.8%), ABBOTT INDIA (up 82.9%) and NAVIN FLUORINE (up 58.3%).

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 10.0%).

In the meantime, NSE Nifty is at 8,159 (down 9.6%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.86%).

JK CEMENT Financial Update...

JK CEMENT net profit stood at Rs 1 billion for the quarter ended December 2019, compared to a profit of Rs 609 million a year ago. Net Sales rose 10.3% to Rs 14.0 billion during the period as against Rs 12.7 billion in October-December 2018.

For the year ended March 2019, JK CEMENT reported 12.9% decrease in net profit to Rs 2.6 billion compared to net profit of Rs 3.0 billion during FY18.

Revenue of the company grew 4.7% to Rs 53 billion during FY19.

The current Price to earnings ratio of JK CEMENT, based on rolling 12 month earnings, stands at 12.4x.