JK Paper advances on strong Q3 numbers

JK Paper rose 3.29% to Rs 147.50 at 10:46 IST on BSE after net profit surged 94.5% to Rs 69.81 crore on 24% growth in net sales to Rs 790.81 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 30 January 2018.

Meanwhile, the S&P BSE Sensex was down 87.65 points or 0.24% at 35,946.08. The S&P BSE Small-Cap index rose 0.12%, outperforming the Sensex.

On the BSE, 1.81 lakh shares were traded on the counter so far as against average daily volumes of 2.81 lakh shares in the past one quarter. The stock had hit a high of Rs 149.95 and a low of Rs 144.75 so far during the day. The stock had hit a record high of Rs 169.90 on 5 January 2018 and a 52-week low of Rs 88 on 11 August 2017.

The stock had underperformed the market over the past one month till 30 January 2018, gaining 4.35% compared with the Sensex's 5.8% rise. The stock had, however, outperformed the market over the past one quarter, advancing 24.66% as against the Sensex's 8.32% rise. The scrip had also outperformed the market over the past one year, surging 52.81% as against the Sensex's 29.39% rise.

The small-cap company has equity capital of Rs 175.50 crore. Face value per share is Rs 10.

JK Paper is a leading branded paper company and the largest producer of photocopier paper in India.

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