QUICK TAKE: JK CEMENT STOCK MAY BE FULLY PRICED

JK Cement stock fell 1.1% on Wednesday, giving up part of the 2.7% gains seen post Q1’FY22 results last Friday. Centrum Broking says the company shifted its focus back to realisations in pandemic-hit Q1. While retaining its FY22 estimate, Centrum has upped FY23 Ebitda forecast, on revision in volume estimates and lower costs.