Introduction:
Paper stock faced a strike at its CPM Unit in Fort Songadh, Gujarat, starting March 17, 2025. Workers demanded higher wage revisions, causing around 20% production loss. Management is actively negotiating with trade unions to resolve the issue amicably.
Share Price movement of JK Paper:
On March 18, 2025, JK Paper Limited opened at ₹292.25, reaching a high of ₹301.00, up 2.66% from its previous close of ₹291.85, with a low of ₹292.10. The stock is currently trading at ₹299.60, with a market cap of ₹5,075.29 Crores.
JK Paper company in focus:
JK Paper Limited reported a strike by a section of workers at its CPM Unit, Fort Songadh, Gujarat, starting March 17, 2025. The strike is part of long-term settlement demands for higher wage revisions, leading to partial disruption of manufacturing activities.
The company confirmed no physical damage to assets, all of which are insured. The strike has impacted production, causing an estimated 20% reduction in output compared to normal levels. Discussions are ongoing with the trade unions to resolve the matter amicably.
JK Paper assured stakeholders that they are working towards a resolution and will update on further developments. The strike is localized to the CPM Unit, with management focused on minimizing production impact and maintaining operations while negotiations continue.
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Stock performance of JK Paper for Period of 1 week, 6 months and 1 year:
JK Paper stock declined 0.38% over the past week, followed by a significant 35.1% drop in the last six months. Over the one-year period, the stock recorded a loss of 14.4%, reflecting consistent weakness in both short-term and long-term performance.
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Shareholding pattern of JK Paper:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 49.63 | 49.63 | 49.63 |
| FII | 12.18 | 11.37 | 12.09 |
| DII | 5.55 | 5.81 | 5.71 |
| Retail & others | 32.62 | 33.19 | 32.56 |
About JK Paper:
JK Paper Ltd (NSE: JKPAPER) is a leading paper manufacturing company in India, producing writing, printing, packaging, and coated papers. With state-of-the-art facilities, it serves domestic and international markets, focusing on sustainable practices, innovation, and providing quality paper products for diverse industries.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
