JK Cement Q2 profit rises 7.8%, trend stays bearish

JK Cement Q2 net profit rose 7.8% to Rs 173 crore as revenue grew 23.7%. The stock remains bearish below Rs 5,210, with support at Rs 4,671. JK Cement Limited [

] reported a 7.8% rise in consolidated Q2 net profit to Rs 173 crore, while revenue grew 23.7% year on year. Its paints arm plans to invest Rs 130 crore in a manufacturing plant in Telangana. Revenue grew about three times faster than profit, which points to narrower margins on higher sales. The update gives no margin data, so the quality of the growth cannot be judged. The paints investment adds to capital spending, and its benefit depends on how the business scales. On the chart, the stock trades below its 200-day SMA, which signals a weak long-term trend. In my view, the trend remains bearish, and a recovery needs a move back above the average and Rs 5,210. Rs 4,671 is the key support, and a fall below it would put lower levels in view. A move above the key resistance at Rs 5,230 would weaken the bearish view and bring a recovery attempt into focus. The bearish view remains valid while the price trades below Rs 5,230. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.