On 15th September, after the trading session commenced, JK Paper share price is seen to rally above 6.45%. The stock opened with a rise of 3.80 points at Rs.61 against its previous closing at Rs.58.90. Till now the days high is seen at Rs. 62.85 while the opening price remained it’s day’s low. As of now, 3,40,157 shares are traded in the counter with a traded value of Rs. 211.54, as per NSE. The stock saw a spurt in volume by more than 1.19 times.
JK Paper is among the top 500 performing stocks for this quarter recommended by Dynamic Levels, amongst the 1700 stocks listed on NSE. JK Paper has strong fundamentals and is safe for investment. JK Paper, an India-based paper manufacturer has a combined production capacity of 4,55,000 tons per annum. For the quarter ended 30-Jun-2016, the company has recorded Standalone sales of Rs. 606.00 Cr. Net profit after tax of Rs. 26.66 Cr. in latest quarter.
The lower price band of the share is Rs. 47.15 and the upper price band isRs. 70.65. The 52 week high of JK Paper share price is observed at Rs. 64.90 on 7th July ’16 while the 52 week low is seen at Rs. 37.00 on 15th Sept ‘15. The Average Daily Movement of the stock is 2.61 and its average volume for last 20 days is 506784. The stock yields 6.03% monthly returns and has the PE ratio of 9.78. The market cap of the company amounts to Rs. 874.85 (Cr) and has a book value of Rs. 59.72.
In other news, as a part of their commitment & respect for environment, JK Paper has retained its efforts for growing the green cover within 200 Km area from the plant sites at Jaykaypur, Distt. Rayagada (Odisha) and Fort Songadh (Gujarat)
In order to acquire further details on the support and resistance refer to JK Paper share price forecast.
No comments:
Post a Comment