Why is JK Cement seeing a spurt in market gains in the recent past?

JK Cement Ltd has seen some positive cues from North India, thanks to the ramp-up of its recently commissioned plant in North India. The contraction in North was much lower than West and Central India. JK grey cement saw 20% growth in volumes in July/August period.

By the end of the year, the total capacity of JK would have ramped up to 14.7 mtpa which is nearly 40% higher than last year. The reason for the spurt in market gains is that JK has been lucky to have expanded in the favorable pricing region.