 "paper, industry, investment, JK Paper")
Paper stocks such as JK Paper, Star Paper Mills, among others were trading in the red in the morning deals on Thursday. The demand for paper has taken a hit as schools, colleges continue to remain closed due to the Covid-19 pandemic.
For the quarter ended September 2020, JK Paper reported a nearly 72 per cent decline in its profit at Rs 34.70 crore as against Rs 123.66 crore during the previous quarter ended September 2019. Sales of the company slipped 19.25 per cent year-on-year (YoY) to Rs 638.44 crore during the period.
Analysts at IDBI Capital, in a result
