JK Lakshmi Cement ready for the uptrend!๐คฉ๐ธ๐ฅ
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Buy JK Lakshmi Cement for Positional Trading as well as Investment.๐ธ๐ฅ๐ธ 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 . ๐technofunda_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