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13-Feb2019

JK Paper surges on reporting 10% rise in Q3 net profit

JK Paper is currently trading at Rs. 136.85, up by 2.55 points or 1.90% from its previous closing of Rs. 134.30 on the BSE.

The scrip opened at Rs. 138.90 and has touched a high and low of Rs. 140.15 and Rs. 136.30 respectively. So far 116026 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.95 on 21-Aug-2018 and a 52 week low of Rs. 97.85 on 19-Jul-2018.

Last one week high and low of the scrip stood at Rs. 139.40 and Rs. 130.25 respectively. The current market cap of the company is Rs. 2445.50 crore.

The promoters holding in the company stood at 48.42%, while Institutions and Non-Institutions held 9.52% and 42.07% respectively.

JK Paper has reported 9.76% rise in its net profit at Rs 120.26 crore for the quarter ended December 31, 2018as compared to Rs 109.57 crore for the same quarter in the previous year. Total income of the company increased by 11.12% at Rs 883.94 crore for Q3FY19 as compared Rs 795.46 crore for the corresponding quarter previous year.

JK Paper is engaged in paper manufacturing business. The company is India's largest producer of branded papers is a leading player in the printing and writing segment.


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