Meanwhile, the S&P BSE Sensex was down 108.58 points or 0.34% at 31,518.05.

On the BSE, 3,408 shares were traded in the counter so far as against average daily volumes of 1.51 lakh shares in the past two weeks. The stock had hit a high of Rs 397.20 and a low of Rs 387 so far during the day. The stock had hit a record high of Rs 535 on 17 May 2017 and a 52-week low of Rs 326.75 on 21 November 2016.

The mid-cap company has equity capital of Rs 58.84 crore. Face value per share is Rs 5.

Goldman Sachs India Fund sold 13.64 lakh shares of JK Lakshmi Cement at Rs 387.5 per share in a bulk deal on the BSE on 25 September 2017. Templeton Mutual Fund bought 10.93 lakh shares.

Goldman Sachs India held 1.2% and Franklin Templeton Mutual Fund owned 2.66% stake in JK Lakshmi Cement as on 30 June 2017.

JK Lakshmi Cement's net profit fell 1.2% to Rs 28.30 crore on 15.9% growth in net sales to Rs 901.14 crore in Q1 June 2017 over Q1 June 2016.

JK Lakshmi Cement is a cement manufacturer. It caters to infrastructure and construction sectors.