Espresso Shot of the Day - Jk Paper Ltd up by 12.71 percent

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Espresso Shot of the Day - Jk Paper Ltd up by 12.71 percent

March 11, 2022
Espresso Shot of the Day - Jk Paper Ltd up by 12.71 percent

JK PAPER LTD 268.30  (+12.71%) BSE – INE789E01012 | 11TH MARCH 2022

JK Paper makes sustainable Paper solutions, from paper, which is produced via Social Farm Forestry without harming a single forest tree. Their paper-based solutions are 100% biodegradable and recyclable, which provide a choice of switching to a sustainable future. Their legacy goes back to 1938 when they set up Straw Products ltd. in Bhopal. In the year 1962, JK Paper Ltd. was established with the commencement of Unit JKPM at Rayagada (Odisha). Today they are a leading Indian player in Office Papers, Coated Papers, Writing and Printing Papers and High-end Packaging Boards.

Recent Drivers

  • On Feb 9, 2022, the company reported net sales of Rs.1, 023.62 crores in December 2021, up 37.42% from Rs.744.88 crores in December 2020.
  • On Feb 9, 2022, the company reported a Quarterly Net Profit of Rs.150.21 crores in December 2021, up 127.8% from Rs.65.94 crores in December 2020.
  • On Feb 8, 2022, the company proposed an issue of redeemable Non-Convertible Debentures of up to Rs.100 crores
  • On Jan 17, 2022, the company announced the commencement of operations from its new packaging board plant in Gujarat.
  • On Dec 13, 2021, the company issued and allotted 12,500 rated, unlisted, secured, redeemable, non-convertible debentures of the face value of Rs.1,00,000

 (Sources:,  Business standard, Moneycontrol,BSE)


Technical Force*

  • S&P BSE 500 month till date gain up by -0.52%
  • 3 months avg. NSE volume: 10,42,638
  • Quantity traded: 4, 75,132 | Deliverable quantity: 1, 41,352 (29.75%)
  • Stock price has jumped more than 145% from one-year-low level: 124.25 (Apr 22, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 284.80 | 52-week-low: 124.25


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

469.37

377.08

291.07

198.78

112.77

20.48

-

     -

Fibonacci Pivot

377.08

308.97

266.89

239.79

198.78

157.77

130.67

88.59

20.48


Today’s Close

268.30

SMA

BSE

10 DAY

230.42

20 DAY

228.05

50 DAY

223.20

200 DAY

221.63


Some Key Ratios (Source: BSE)

Market Cap:  4,545.06 Crores

PE: 9.58

OPM%: 23.98

ROE%: 17.23

Promoters holding%: 49.52

Prev. Close: 238.05


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.