India's JK Paper falls to near 5-month low after Q2 profit slump

JK Paper

05/11/2024 04:11

** Shares of JK Paper  JKPA.NS  fall as much as 6.7% to 426
rupees, their lowest levels since June 12
    ** Co posted a 57% fall in Q2 profit, marking its fifth
straight quarterly profit drop
    ** Co says profit pulled down by rising prices of wood, a
key raw material 
    ** Session's loses trim YTD gains, stock now up 8% so far
this year


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))