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JK Paper surges on plan to purchase remaining shares of JK Enviro-Tech

22 May 2013 Evaluate

JK Paper is currently trading at Rs. 33.20, up by 0.40 points or 1.22% from its previous closing of Rs. 32.80 on the BSE.

The scrip opened at Rs. 33.50 and has touched a high and low of Rs. 34.90 and Rs. 33.05 respectively. So far 63745 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.80 on 19-Dec-2012 and a 52 week low of Rs. 27.35 on 05-Apr-2013.

Last one week high and low of the scrip stood at Rs. 34.90 and Rs. 30.70 respectively. The current market cap of the company is Rs. 454.95 crore.

The promoters holding in the company stood at 51.75% while Institutions and Non-Institutions held 11.00% and 37.25% respectively.

JK Paper has received an approval to purchase the remaining shares of its associate JK Enviro-Tech amounting to a face value of Rs 3.25 crore and explore options of consolidation of its operations with the company. The board of directors at its meeting held on May 21, 2013 has approved for the same.

JK Paper is India’s largest producer of branded paper and is a leading player in the printing and writing segment. It is also engaged in outsourcing activity wherein it contracts the capacities of other mills in India and abroad to manufacture various grades of paper, maintaining the same quality and service assurance.

JK Paper Share Price

375.20 -3.65 (-0.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
JK Paper 375.20
TN Newsprints 140.05
West Coast Paper 492.00
Emami Paper Mills 75.24
Seshasayee Paper 270.95
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