JK Paper Receives Revised Rating From CRISIL

JK Paper received revises credit rating from CRISIL, the company said in a regulatory filing to the bourses.

The statement said that CRISIL has assigned its ratings to non-convertible debentures of Rs 335 crore at CRISIL A/Stable.

Shares of the company have given 70% returns in a period of one year and outperformed the BSE Small Cap and BSE FMCG indices over the same time period.

The stock had hit its 52-week high of Rs 122 per on May 17, 2017 and its 52-week low of Rs 52 per share on August 3, 2016, on the NSE.

JK Paper offers products under various categories, including coated paper and board, uncoated paper and board, packaging broad and office documentation.

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