Buy JK Paper, price target Rs 138: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on JK Paper Ltd. with a target price of Rs 138. The current price of JK Paper Ltd. is Rs 135.25. Time period given by the analyst is Intra Day when JK Paper Ltd. price can reach defined target. Shrikant Chouhan recommended to keep a stop loss at Rs 125.

JK Paper Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 2299.34 Crore) operating in Paper sector.

JK Paper Ltd. key Products/Revenue Segments include Paper & Paper Boards which contributed Rs 3233.64 Crore to Sales Value (99.30 % of Total Sales) and Other Operating Revenue which contributed Rs 22.66 Crore to Sales Value (0.69 % of Total Sales) for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 790.62 Crore, up 10.88 % from last quarter sales of Rs 713.06 Crore and up .70 % from last year same quarter sales of Rs 785.15 Crore. Company has reported net profit after tax of Rs 120.39 Crore in latest quarter.