JK Paper hits record high; stock rallies 10% in four days on stable outlook

In the past one year, the stock price of the paper maker has more-than-doubled or zoomed 129 per cent, as against 10 per cent gain on the S&P BSE Sensex.

Shares of JK Paper hit a record high of Rs 452.40, as they rallied nearly 3 per cent on the BSE in Wednesday’s intra-day trade in an otherwise subdued market. In the past four trading days, the stock price of the paper maker has rallied 10 per cent. In comparison, the S&P BSE Sensex remained flat at 61,700 at 09:56 AM.

JK Paper (JKPL) is the market leader in Branded Copier Paper in India and amongst the top producers of Coated Paper and Packaging Boards in the country. The company is consistently following a policy of focusing on value