JK Paper zooms on commencing commercial production at Packaging plant in Gujarat

JK Paper is currently trading at Rs. 221.80, up by 9.60 points or 4.52% from its previous closing of Rs. 212.20 on the BSE.

JK Paper
JK Paper

The scrip opened at Rs. 218.90 and has touched a high and low of Rs. 222.70 and Rs. 216.50 respectively. So far 73915 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 284.80 on 09-Aug-2021 and a 52 week low of Rs. 117.00 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 222.70 and Rs. 208.00 respectively. The current market cap of the company is Rs. 3701.44 crore.

The promoters holding in the company stood at 49.52%, while Institutions and Non-Institutions held 6.41% and 44.07% respectively.

JK Paper has commenced commercial production at its new Packaging Board plant situated at Unit CPM, Gujarat from January 14, 2022. This will increase the company’s Annual capacity from 4.55 lakh TPA to 6.25 lakh TPA and enhance its market share in packaging board segment.

JK Paper is one of the most respected paper companies in India today.