India's JK Paper falls 8% on weak Q3 results

JK Paper

28/01/2021 06:10

** Shares of paper maker  JKPA.NS  fall as much as 8.1% to
116 rupees 
    ** New Delhi-based co's profit nearly halved in Dec. qtr,
while revenue dropped over 9%, hurt by weak sales
    ** About 2 mln shares change hands vs 30-DMA of 2.3 mln
shares
    ** JKPA makes coated and uncoated paper, paper boards and
office documentation products
    ** Co shares rose 18.6% in Jan as of last close vs 14.4%
drop in 2020

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))