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Doubling capacity! Emami Paper Mills gains 3.3%

The company is investing Rs.1,000 crore to double the capacity of its paperboard unit at Balgopalpur, near balasore in Orissa, in the next three years.

December 01, 2015 4:22 IST | India Infoline News Service
Emami Paper Mills Ltd closed higher by 3.3% to Rs.56. Report says that the company is investing Rs.1,000 crore to double the capacity of its paperboard unit at Balgopalpur, near balasore in Orissa, in the next three years.

The scrip opened at Rs. 59.9 and touched a high and low of Rs. 63.55 and Rs. 54.8 respectively. A total of 75152(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 327.91 crore.
The BSE group 'B' stock of face value Rs. 2 touched a 52 week high of Rs. 54.25 on 04-Aug-2015 and a 52 week low of Rs. 33 on 02-Jul-2015. Last one week high and low of the scrip stood at Rs. 54.2 and Rs. 43.3 respectively.
The promoters holding in the company stood at 74.97 % while Institutions and Non-Institutions held 0 % and 25.03 % respectively.
The stock traded below its 100 DMA.

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