Intraday Spotlight: This paper manufacturing stock has jumped over 12 per cent today

The company is a leading gainer in the A group.

JK Paper Ltd, a leading manufacturer of office papers, coated papers and packaging boards, has jumped by over 12 per cent today from its previous close of Rs 238.05. The stock opened at Rs 238.05 and has made its day high of Rs 272.40. As of 12:45 pm today, the stock was trading near Rs 268 on the BSE. This S&P 500 paper company is leading group A on the BSE.    

With Sensex gaining momentum and trading in the green for fourth consecutive day, this paper manufacturing company has been flying along with its peers Tamil Nadu Newsprint and Papers (+9 per cent), and West Coast Paper Ltd (+ 7.6 per cent). For the quarter ended December, the company reported robust figures with high growth of 37.4 per cent in revenues and an exceptional jump of 134 per cent in net profit on a YoY basis.   

JK Paper Limited, a pulp and paper firm, engages in the manufacture and sale of branded papers, fine papers, and packaging boards in India and internationally. The company provides various office documentation papers for use in fax machines, photocopiers, and multi-functional devices. 

The stock has a 52-week high and low of Rs 284.80 and Rs 124.25, respectively.