Paper stocks rally; Seshasayee Paper hits 20% upper circuit

Seshasayee Paper posted net profit increased by 347.50% to Rs.24.12 crore in the quarter ended June 2016 as against Rs.5.39 crore during the previous quarter ended June 2015.

Jul 25, 2016 12:07 IST India Infoline News Service

Paper stocks rallied on the Bombay Stock Exchange. Seshasayee Paper & Boards hit 20% upper circuit at Rs.381.The company posted net profit increased by 347.50% to Rs.24.12 crore in the quarter ended June 2016 as against Rs.5.39 crore during the previous quarter ended June 2015. The scrip opened at Rs. 380.8 and has touched a high and low of Rs. 380.8 and Rs. 380.8 respectively. So far 13633(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 400.18 crore.

West Coast Paper Mills Ltd is currently trading at Rs. 91.7, up by Rs. 10.05 or 12.31% from its previous closing of Rs. 81.65 on the BSE. The scrip opened at Rs. 83.9 and has touched a high and low of Rs. 93.8 and Rs. 83.9 respectively. So far 1209323(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 539.3 crore.

Shreyans Industries Ltd is currently trading at Rs. 68.85, up by Rs. 10.25 or 17.49% from its previous closing of Rs. 58.6 on the BSE. The scrip opened at Rs. 61 and has touched a high and low of Rs. 68.9 and Rs. 61 respectively. So far 77868(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 80.99 crore.

JK Paper Ltd is currently trading at Rs. 60.6, up by Rs. 2.85 or 4.94% from its previous closing of Rs. 57.75 on the BSE. The company will announce its Q1 numbers today.
The scrip opened at Rs. 59.05 and has touched a high and low of Rs. 60.95 and Rs. 58.35 respectively. So far 1068956(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 857.76 crore.

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