Buy JK Paper, target price Rs 260: Edelweiss

Edelweiss has buy call on JK Paper with a target price of Rs 260. The current market price of JK Paper Ltd. is Rs 246.85.

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 4182.54 Crore) operating in Paper sector.


JK Paper Ltd. key Products/Revenue Segments include Paper & Paper Boards, Other Operating Revenue for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 694.96 Crore, down -25.68 % from last quarter Total Income of Rs 935.09 Crore and up 39.98 % from last year same quarter Total Income of Rs 496.48 Crore. Company has reported net profit after tax of Rs 104.22 Crore in latest quarter.

Investment Rationale
Breaking out after a strong base building exercise at levels of 220 with above-average volumes