JK Paper surges after reporting turnaround in Q3

JK Paper gained 6.8% to Rs 36.90 at 14:01 IST on BSE, after the company reported net profit of Rs 11.40 crore in Q3 December 2014 as compared to net loss of Rs 39.38 crore in Q3 December 2013.

The result was announced after market hours yesterday, 10 February 2015.

Meanwhile, the BSE Sensex was up 223.87 points or 0.79% to 28,579.49

On BSE, so far 1.67 lakh shares were traded in the counter as against average daily volume of 45,734 shares in past one quarter.

The stock hit a high of Rs 37.50 and a low of Rs 36.45 so far during the day. The stock had hit a 52-week high of Rs 41 on 12 June 2014 and a 52-week low of Rs 27.75 on 18 February 2014.

The stock had outperformed the market over the past one month till 10 February 2015, rising 9.51% compared with 3.27% rise in the Sensex. The scrip also outperformed the market in past one quarter, rising 10.74% as against Sensex's 1.73% rise.

The small-cap company has equity capital of Rs 136.62 crore. Face value per share is Rs 10.

JK Paper's total income rose 18% to Rs 554.97 crore in Q3 December 2014 over Q3 December 2013.

JK Paper manufactures paper and paper products.

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