JK Paper Limited up by 8.58 percent | Espresso Market Updates

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Espresso Shot of the Day - JK Paper Ltd up by 8.58 percent

August 10, 2022
Espresso Shot of the Day - JK Paper Ltd up by 8.58 percent

JK PAPER LTD  422.85  (+8.58%)  BSE –  INE789E01012| 10th August 2022

https://www.myespresso.com/images/Binge-graph-image_JK-Paper-Ltd2-202208101825287793010.jpg

JK Paper Provides Sustainable Paper Solutions for customers’ diverse needs. The company produces Paper via Social Farm Forestry without harming a single natural forest tree. The paper-based solutions are 100% bio-degradable and recyclable which provide customers a choice of switching to a Sustainable future. The company has a worldwide footprint with customers in over 60 countries covering the USA, Middle East, Europe, South-East Asia, and Africa. In India, the company provides services to customers through an extensive distribution network of over 350 trade partners, 4,000 dealers, 15 depots & 4 regional marketing offices.


Recent Driver

  • The company reported a Quarterly Net Profit of Rs. 204.84 crores in June 2022, up 109.64% from Rs. 97.71 crores in June 2021 on July 29,2022.
  • The company reported Net Sales of Rs 1,437.12 crores in June 2022, up 117.25% from Rs. 661.52 crores in June 2021 on July 29,2022.
  • On July 29 2022, based on the recommendation of the Nomination and Remuneration committee of Directors of the company, Shri Harshavardhan Neotia was appointed as an Additional Director of the company.
  • The Securities Appellate Tribunal (SAT) quashed market regulator SEBI’s order on JK Paper Employees’ Welfare Trust, rejecting a plea to exempt it from Regulation 29 of the SEBI (Share Based Employee Benefits) Regulations, 2014 on July 18,2022.
  • The Company recommoneded a final dividend of Rs 5.50 per equity share of Rs. 10 each for the financial year ended on March 2022 on May 13,2022.
(Sources: BSE,  Moneycontrol,Business Line)


Technical Force*

  • S&P Bse 500 month till date gain by 2.25%
  • Traded on new 52 week High value 426.00
  • Spurt in Volume by more than 3.23 times
  • 3 months avg. BSE volume: 123,403
  • Quantity traded: 6,31,051| Deliverable Quantity: 1,74,675 (27.68%)
  • The stock price jumped by more than 110% from a one-year low level: 192 (December 20 ,2021)
  • Daily RSI (14) is at overbaught territory today.
  • 52-week-high: 426| 52-week-low: 192


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

389.45

SMA

BSE

10 DAY

376.03

20 DAY

348.31

50 DAY

324.32

200 DAY

275.13


Some Key Ratios (Source: BSE)

Market Cap: 7,163.18 crores

PE:  11.59

OPM%: 26.60

ROE%:  20.31

Promoters holding%: 49.63

Prev. Close:  389.45


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

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.