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ZK Paper

Discussion in 'Technical Analysis' started by bnnarayana, Jul 4, 2017.

  1. bnnarayana

    bnnarayana Contributor

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    Fundamentals of Jk paper is ok. Would like to know technically @ what price one should invest in this stock. The support levels are between 88 to 90.

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    bnnarayana, Jul 4, 2017
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  2. nirajshah

    nirajshah Champion

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    nirajshah, Jul 4, 2017
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  3. bnnarayana

    bnnarayana Contributor

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    Even though the Debt is quite high,having a look at share holding pattern and shares pledged, dividend returns and the book value of share which is 1.5 times of CMP and other fundamental parameters, we can take a calculated risk and invest in small qty if the technicals are good.

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    bnnarayana, Jul 4, 2017
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  4. shabbir

    shabbir Administrator Staff Member

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    Can enter with a stop loss of 88 but I would like to see a reversal pattern being formed before trading. It is still in its leg down
     
    shabbir, Jul 4, 2017
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  5. raja_praveen

    raja_praveen Champion

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    I would recommend to enter after price crossing 103 a crucial level.
     
    raja_praveen, Jul 5, 2017
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  6. bnnarayana

    bnnarayana Contributor

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    bnnarayana, Jul 5, 2017
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  7. bhat64

    bhat64 Apprentice

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    I like Ruchira papers in this segment after some correction is seen. I am watching Yash papers closely to see how they reduce their debt will enter only after that. Their products are great


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    bhat64, Jul 16, 2017
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  8. bhat64

    bhat64 Apprentice

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    Ruchira has corrected a bit now. There is some noise about Malu paper tiny nano cap not studied it yet


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    bhat64, Oct 7, 2017
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  9. bnnarayana

    bnnarayana Contributor

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    Malu paper, fundamentaly it is very expensive, only June qtr they did some good sales, hence the noise
    It is better that to avoid investing as promoters have pledged more than 60% of their shares.

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    bnnarayana, Oct 8, 2017
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  10. shabbir

    shabbir Administrator Staff Member

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    Malu paper has Debt to equity: 5.62
     
    shabbir, Oct 8, 2017
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  11. bhat64

    bhat64 Apprentice

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    bhat64, Oct 23, 2017
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