JK Paper surges 10% on robust Q1; West Coast, Andhra Paper rally up to 16%

The stock touched an intra-day high of Rs 380.55 as it inched closer to its 52-week high level of Rs 387.40. Shares of the paper company have gained 14 per cent in the preceding ten sessions.

Shares of JK Paper surged around 10 per cent to the day's high on Monday as investors thronged the counter after the company reported robust results for the April-June quarter (Q1FY23) post-market hours Friday.

The stock touched an intra-day high of Rs 380.55 as it inched closer to its 52-week high level of Rs 387.40. Shares of the paper company have gained 14 per cent in the last ten sessions (excluding today's move). 

The company posted an over two-fold rise in its consolidated net profits for the June quarter to Rs 261.98 crore (up 152 per cent) from a year