JK Paper rallies 29% in 1 week, hits new high on improved biz outlook

The re-opening of offices, educational institutions, and courts will lead to normalisation of paper demand.

Shares of J K Paper hit a new high of Rs 288, up 4 per cent on the BSE in Tuesday’s intra-day trade, gaining as much as 29 per cent in the past one week on improved business outlook. The re-opening of offices, educational institutions, and courts shall lead to normalisation of paper demand. In comparison, the S&P BSE Sensex was up 6 per cent during the same period. The stock surpassed its previous high Rs 284.80 touched on August 9, 2021.

The company on January 14, 2022 had intimated the stock exchanges of commencement of commercial production from