JSW Cement's shares fell approximately 2% to ₹135.76 on Monday, ending a two-day rally where the stock rose over 14% following the release of its strong Q4 FY26 results. The company reported a net profit of ₹362 crore, representing a staggering 2,162% year-on-year increase from ₹16 crore the previous year, primarily due to a lower base. Consolidated revenue also grew by 11% to ₹1,895 crore. Despite this positive performance, market analysts have mixed views. Motilal Oswal Financial Services maintained a 'Neutral' rating with a target price of ₹135, citing soft demand in April 2026 as a concern. Conversely, JM Financial retained a 'Buy' rating with a target price of ₹155, highlighting strong quarterly earnings and optimistic growth projections. The company is also expanding its grinding capacity by 2.5 million tonnes per annum in Nagaur, Rajasthan, with a capital expenditure of ₹4.3 billion, expected to be completed by January 2028. The outlook remains cautious due to potential margin pressures from high costs and fluctuating demand.