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JK Lakshmi Cement, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9214.15 Crore) operating in Cement sector.

Gross margin was impressive at 21.7%, upheld by private label share and store expansion was on track with 614 stores in H1FY23. It had a ‘buy’ rating on the counter but its target price of Rs 750 has already been hit by the company.

The stock was trading around Rs 408 per share on NSE in Monday’s trade. Since listing, it has given an astonishing return of 444%. So far in the calendar year, it has surged nearly over 58%.

Gold price rose by Rs 227 to Rs 54,386 per 10 gram in the national capital on Monday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 54,159 per 10 gram.Silver also jumped Rs 1,166 per kilogram to Rs 67,270 per kg.

Last heard, the shares of Dharmaj Crop Guard were commanding a premium of around Rs 50 in the grey market, hinting at a strong listing pop. The premium marched higher in the unofficial market after recent listings.

Emkay is bullish on the NBFC given the merger of SCUF or Shriram City Union Finance providing diversification benefits to growth and profitability.

The stock quoted a 52-week high price of Rs 732.9 and a 52-week low of Rs 467.5.

In that process, bad performers are removed, and new ones are added to reflect the trend of the market. It has been noticed that the number of stocks that can maintain its solid performance over the long-term is limited; thus, investment in midcaps carries a high level of risk.

Exports may be dented further due to the global slowdown but, the rupee is likely to appreciate with the expectation on a moderating pace of rate cuts by US Fed and softening of crude oil prices.

A total of 8,476 shares changed hands on the counter till 02:10PM (IST).