JKP is a solid old school stock with smooth balance sheet and backed by JK brand. KJP is also showing good ambition for a mature company. I like their recent foray into corrugated packaging. They are already the largest organized corrugator.

Current PE is actually below long term hist average of about 10. All integrated paper companies are just coming off a spectacular 2023. Wood pulp prices are at rock bottom, Indian wood prices are elevated, hurting realizations. Due to china and asean slowdown, paper of coated kind is getting dumped in India. Classic double whammy of a text- book bulk commodity producer! Near term is all clouds and rain.

IMHO my own long term thesis is that JKP will maintain 10 to 15% sales growth with about 15 to 20% margin. Near term high base may result in flat to degrow th near term.

DISCLOSURE – lay retail investor, not very bright… holding a small position around 390. Will accumulate slowly

: : I agree with your views, but regulator caution, US stalwarts redeeming for cash and sitting side by, low breath in volume raises eye brows moreover still going up max 12pc but down side is deep well, and also March is profit booking month. Your views please.

IMO, they should have given more clarity in this regard.
As of today, he has 1.01 Cr shares, which means he bought another 60 lakh shares. Of this, the shares allotted through ESOP is 48 lakh (must have been at some discount).
I have emailed the IR seeking clarity on this.

Link

Disc: Invested in family & Client accounts. SEBI-registered.

But can’t a government control it’s own currency leaving its banks? For example how do you buy bitcoin in exchange of yuan if you are not allowed to pay yuan using any of the digital payment instruments. Won’t the government just tell banks to not allow any payments outside a trusted set of networks. I am just trying to understand why can this not be controlled by a government

The Company will challenge the same based on strong
merits by way of filing its reply/ submissions, before the
relevant authorities. There is no impact on financial,
operation or other activities of the Company due to this
Order. The impact will be limited to the extent of final tax
liability as may be ascertained along with interest and
penalty, if any. This is as per the statement.