Financial Daily
from THE HINDU group of publications
Thursday, September 07, 2000
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Financial Daily from THE HINDU group of publications Thursday, September 07, 2000 |
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JK Corp: Low on certainty
THE approval of a restructuring programme by JK Corp to create two focussed entities -- on cement and paper -- may not have any upside potential for the stock.
Till something concrete is put in place and the specifics of the financials of the two companies become available, any notable re-rating of the stock may not be in store. The board of directors has approved the divestment of the paper division to Centra
l Pulp Mills Ltd (a group company) and the merger of J.K. Udaipur Udyog with J.K. Corp. Pending a detailed breakdown of business profile, the stock price may continue to be range-bound at around the current level of Rs. 17. -- BL Research Bureau
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Related links: JK Corp net loss at Rs 7.06 cr Comment on this article to BLFeedback@thehindu.co.in Send this article to Friends by E-Mail
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