News for JK Paper Limited (JKPAPER.NS)

JK Paper Ltd.'s consolidated net profit dropped 72% in the quarter ended March, according to an exchange filing on Monday. The sustainable paper product solutions provider recorded a bottom line of Rs 76.2 crore in the fourth quarter as against Rs 276 crore in the same period last year. Revenue down 1.7% to Rs 1,689 crore versus Rs 1,719 crore. Ebitda down 40% to Rs 217 crore versus Rs 359 crore. Margin narrows to 12.8% versus 20.9%.

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The Nifty Auto index was trading 1.31 per cent down at 21379.95.

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Sensex, Nifty updates 16 December 2024: The Sensex declined 384.55 points (0.47%) to 81,748.57, and the Nifty fell 100.05 points (0.4%) to 24,668.25, amid mixed sectoral performance and heightened market volatility. Despite losses, market breadth was positive, with 2,346 advances against 1,796 declines on the BSE.

Vodafone and 26 other stocks are exiting the Nifty 500 index while Trent and Bharat Electronics joined the Nifty 50, from which LTI Mindtree and Divi's Laboratories exited. Effective from September 30, 2024, these changes will come into effected.

Shares of JK Paper Ltd. tumbled over 11% on Thursday after its profit declined in the first quarter of fiscal 2025 due to a surge in wood cost. The company's net profit declined 54.9% year-on-year to Rs 141 crore in the quarter ended June 2024, according to an exchange filing.

The Nifty's upward trajectory persists, with any potential dips or consolidation presenting buying opportunities, according to the prevailing bullish pattern.

G M Breweries, Dharmaj Crop Guard, JK Paper, Pudumjee Paper Prod and Refex Industries, hit their fresh 52-week highs during the day.

Shriram Finance, Bharti Airtel, Kotak Bank, Tata Motors and IndusInd Bank were among the top losers on NSE in today's trade.

The Nifty Auto index closed 0.76 per cent down at 25130.85.

The NSE Nifty index closed 18.11 points down at 24123.85

The Nifty Bank index closed 0.77 per cent down at 52168.1.

The Nifty Realty index was trading 1.47 per cent up at 1117.2.

The Nifty Auto index was trading 0.08 per cent down at 25304.7.

G M Breweries, Refex Industries, DCX Systems, Rane Holdings and JK Paper, hit their fresh 52-week highs at 10:55AM.

Bajaj Finance, Kotak Bank, HDFC Life, Shriram Finance and SBI Life were among the top losers on NSE.

Rupak De, Senior Technical Analyst at LKP Securities, noted that the Nifty had slipped lower in early trades, but bulls were able to defend around the 55 EMA on the hourly chart. He indicated that the trend would remain positive for the short term as long as it remained above 23,300, where a buy-on-dips strategy might favor traders.

Indian benchmark equity indices, Sensex and Nifty50, logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government.