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JK Paper shares tank 8% after Q3 earnings
PTI
New Delhi |
Updated on
January 28, 2021
Shares of JK Paper Ltd on Thursday tanked 8 per cent after the company reported a decline of 51 per cent in its consolidated net profit for the third quarter ended December.
The company’s stock opened the day on a lower note and further declined 7.36 per cent to ₹117 on the BSE. At the NSE, it plunged 8 per cent to ₹116.
JK Paper Ltd on Wednesday reported a decline of 51 per cent in its consolidated net profit at ₹64.59 crore for the December quarter. The company had posted a net profit of ₹131.85 crore in the year-ago period, JK Paper said in a regulatory filing. ....

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