Buy JK Paper, target price Rs 189: Yes Securities

Yes Securities has buy call on JK Paper with a target price of Rs 189. The current market price of JK Paper Ltd. is Rs 175.7. Time period given by analyst is Intra Day when JK Paper Ltd. price can reach defined target.

JK Paper Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 2987.41 Crore) operating in Paper sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 935.09 Crore, up 21.37 % from last quarter Total Income of Rs 770.45 Crore and up 21.98 % from last year same quarter Total Income of Rs 766.62 Crore. Company reported net profit after tax of Rs 136.07 Crore in latest quarter.


Investment Rationale
Forming a series of ascending tops and bottoms, yet again the stock found renewed buying interest near its 20-day average level. Recovery thereafter could mean resumption of uptrend.