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Emami Paper Mills ends 20% upper circuit

The company is reportedly planning to invest an additional Rs.1,000 crore in the next three years in order to double its capacity at Balasore plant.

November 30, 2015 3:47 IST | India Infoline News Service
Emami Paper Mills Ltd ended 20% upper circuit at Rs. 54. The company is reportedly planning to invest an additional Rs.1,000 crore in the next three years in order to double its capacity at Balasore plant. 
Earlier, the company had set up 132,000 tonne high-end paper boards manufacturing facility at Rs.1,000 crore at Balasore. 

The scrip opened at Rs. 48 and has touched a high and low of Rs. 54.2 and Rs. 48 respectively. So far 40008(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 273.46 crore.
The BSE group 'B' stock of face value Rs. 2 has 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. 49 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 is currently trading below its 100 DMA.

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