Prabhudas Lilladher keeps Buy on JK Cement and upgrades JSW Infrastructure

what happened

Prabhudas Lilladher, as reported by TradingView, keeps its Buy rating on JK Cement with a target of Rs 6,064, slightly below the earlier Rs 6,080. The broker says the company posted strong Q2FY27 results: grey cement volumes rose 19% year on year, and blended EBITDA per tonne reached INR849, above the brokerage's INR809 estimate. Management expects power and fuel costs to rise by INR80-90 per tonne in each of Q3FY27 and Q4FY27, and recent price hikes of about INR20 per bag may need another INR10-15 per bag to fully offset cost inflation.

The same brokerage upgrades JSW Infrastructure to Buy from Accumulate, with a target of Rs 380, down from Rs 384. Consolidated cargo volumes grew 2% to 29.4 mt, India operations rose 8%, and the rail rake fleet expanded to 78 from 42 in Q1FY27. Port margins stayed flat year on year. The broker notes the stock has fallen more than 13% from its recent peak.

why it matters

Cement makers face higher fuel and power costs in the second half of the fiscal year, so price increases will matter for their margins. For JSW Infrastructure, the broker ties the upgrade to the share pullback rather than to a change in operating trends. These are views from a single brokerage, not Newsmetry's position.

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