India's JK Paper falls on $8 mln income tax penalty demand

JK Paper

22/11/2023 07:39

** Shares of JK Paper  JKPA.NS  fall as much as 2.2% to
371.20 rupees
    ** The paper producer on Tuesday said it has received income
tax penalty demand worth 655.6 million rupees ($7.88 million)
for the assessment year 2020-21
    ** Avg rating of three analysts close to equivalent of
"hold", median PT is 386 rupees - LSEG data
    ** Stock down ~9% YTD

($1 = 83.2440 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))