JK Paper share price: Buy JK Paper, target price Rs 189: Yes Securities
JK Paper Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 2987.41 Crore) operating in Paper sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 935.09 Crore, up 21.37 % from last quarter Total Income of Rs 770.45 Crore and up 21.98 % from last year same quarter Total Income of Rs 766.62 Crore. Company reported net profit after tax of Rs 136.07 Crore in latest quarter.
Investment Rationale
Forming a series of ascending tops and bottoms, yet again the stock found renewed buying interest near its 20-day average level. Recovery thereafter could mean resumption of uptrend.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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