Paper stocks plummet despite good Q3 earnings
Paper stocks plummet despite good Q3 earnings
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Paper stocks plummet despite good Q3 earnings
JK Paper announced acquisition of Horizon Packs and Securipax Packaging for Rs 590 crore. The two acquisitions are India's largest corrugated packaging manufacturers with a revenue of Rs 832 crore in FY21-22. As per market reports, this move is considered "smart use of bumper cash flows (Rs 960 crore) for forward integration."
Stocks to watch out for today: Kaynes Technologies, Lupin, MIC Electronics, Force Motors, Archean Chemical, JK Paper, Blue Star, Sensex, Nifty, Power Finance Corporation, BHEL, stocks in news, Jubilant Foodworks, Delhivery, Nykaa, and more
Dhunseri Tea and Industries surged 5.93 per cent to hit a high of Rs 232.10 on BSE after the company entered into memorandum of understanding (MoU) with Warren Tea to acquire three tea estates in Assam