Meanwhile, the BSE Sensex was up 158.75 points, or 0.95%, to 16,854.75
On BSE, 2.02 lakh shares were traded in the counter. The stock had an average daily volume of 98,958 shares in the past one quarter.
The stock hit a high of Rs 41.25 and a low of Rs 38.80 so far during the day. The stock hit a 52-week high of Rs 46.90 on 21 October 2009 and a 52-week low of Rs 14 on 9 March 2009.
The small-cap stock had underperformed the market over the past one month till 12 November 2009, falling 2.63% as compared to the Sensex's 1.94% fall. However it outperformed the market in the past one quarter, gaining 32.20% as compared to the Sensex's return of 11.16%.
The company's current equity is Rs 78.15 crore. Face value per share is Rs 10.
The current price of Rs 40.70 discounts the company's Q2 September 2009 annualised EPS of Rs 11.99, by a PE multiple of 3.39
J K Paper's expansion plan also envisages increasing the pulp making capacity of the company's plant located at Jaykaypur in Orissa's Rayagada district to 2 lakh tonnes and replacing the existing captive power plant (CPP) with enhanced capacity. The expansion work is likely to be completed in the next two and half years. However, the details of sourcing funds for the project were not known
J K Paper produces various categories of paper including copier, excel bond, board, copier plus sparkle, photo vista and excel in the brand name of JK.
The company's net profit surged 158.2% to Rs 23.42 crore on 0.9% rise in net sales to Rs 285.35 crore in Q2 September 2009 over Q2 September 2008.