JK Lakshmi Cement ready for the uptrend!๐คฉ๐ธ๐ฅ
Buy JK Lakshmi Cement for Positional Trading as well as Investment.๐ธ๐ฅ๐ธ
Comment your viewsโผ๏ธ๐
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๐กCapacity expansion to take care of growth:
JKLCโs subsidiary, UCWLโs capacity expansion of 2.5MT with a CAPEX of Rs16bn is planned to be commissioned by end of FY24. The funding for the expansion will be through Debt-Equity (70%:30%) and the subsidiary will raise equity through equity infusion from JKLC. The company will spend ~Rs.2bn in FY22 and ~Rs.10bn in FY23. JKLCโs current gross debt stands at Rs.10.78bn & Net debt at Rs.4.14bn (reduced from Rs.21bn in FY17). Debt repayment scheduled for FY22 is ~Rs.330cr.
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๐กValuation & Outlook:
The demand outlook is positive given GoIโs strong focus on infra & Housing. The expansion of 2.5MT will support future growth.
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โ๏ธ Technically & Fundamentally Strong๐ช๐ช
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๐@technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ๐๐๐
Comment your viewsโผ๏ธ๐
.
๐กCapacity expansion to take care of growth:
JKLCโs subsidiary, UCWLโs capacity expansion of 2.5MT with a CAPEX of Rs16bn is planned to be commissioned by end of FY24. The funding for the expansion will be through Debt-Equity (70%:30%) and the subsidiary will raise equity through equity infusion from JKLC. The company will spend ~Rs.2bn in FY22 and ~Rs.10bn in FY23. JKLCโs current gross debt stands at Rs.10.78bn & Net debt at Rs.4.14bn (reduced from Rs.21bn in FY17). Debt repayment scheduled for FY22 is ~Rs.330cr.
.
๐กValuation & Outlook:
The demand outlook is positive given GoIโs strong focus on infra & Housing. The expansion of 2.5MT will support future growth.
.
โ๏ธ Technically & Fundamentally Strong๐ช๐ช
.
๐@technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ๐๐๐