Buy JK Paper Ltd For Target Rs. 151 - Sushil Financial
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We had initiated coverage on JK Paper Ltd. (JKPL) with a Buy rating on March 31, 2020 at Rs.72 for a target price of Rs.151 showcasing an upside of ~109.7%.
With the recent run-up in the share price the stock has broadly (Day’s high of Rs.147) met our target price. Hence, we advise our investors to book profits at current levels as we close our recommendation on the stock and change our rating to NEUTRAL.
At current levels, the stock has generated ~98.6% returns from our initial recommendation in March, 2020 at the then prevailing price of Rs.72.
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