Shares of paper maker JK Paper can give strong returns to investors in the coming months. Shares of JK Paper Ltd have given returns of more than 22 per cent in the last 5 days. At the same time, so far this year, the shares of the company have given a return of 36% to those who have invested in the stock. In the coming days, the stock of JK Paper can go up to Rs 465. This is what the expert has said. The company’s shares closed at Rs 279.15 on the Bombay Stock Exchange on Tuesday. That is, investors in the shares of the company can benefit close to Rs 185. Shares of JK Paper touched a 52-week high of Rs 297.95 on Tuesday.
More than 70 percent speed can come
In Technical Stock Recommendations, Bharat Gala, President, Technical Research, Ventura Securities, has set a target price of Rs 465 for the company’s stock in the coming days. Shares of JK Paper may rise by over 70 per cent from current levels. Gala has said that the shares of JK Paper started rising from the level of Rs 86.5 in November 2020 and the shares of the company reached the level of Rs 285 in August 2021. The company’s shares have made several higher bottoms.
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Close to 75% return given in one year
However, JK Paper shares saw a technical correction in the form of profit booking. Setting a target of Rs 465 for JK Paper, Gala said that if there is a correction in the company’s shares, then the buy levels are (255-243)-233-(223-218). He has said to maintain stop loss at Rs 190 level. The company’s shares have given investors close to 75 per cent returns in the last one year. The company’s shares were at a level of Rs 159.70 on BSE on 16 March 2021. The company’s shares closed at Rs 279.15 on March 15, 2022.
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