Sree Sakthi Paper Mills zooms 12%

The company has stopped production at the Kraft paper unit I & II at Edayar from June 28, 2016.

Jun 30, 2016 04:06 IST India Infoline News Service

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Sree Sakthi Paper Mills Ltd has announced that in compliance of directions dated June 27, 2016 received from Kerala State Pollution Control Board, Environmental Surveillance Centre, Ernakulam- 683501 to stop the operation of the unit and to stop the discharge of effluenct into river, the Company has stopped production at the Kraft paper unit I & II at Edayar from June 28, 2016.

The scrip opened at Rs. 8 and has touched a high and low of Rs. 8 and Rs. 8 respectively. So far 500(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 13.1 crore.
The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 17.86 on 12-Aug-2015 and a 52 week low of Rs. 7.4 on 28-Jun-2016. Last one week high and low of the scrip stood at Rs. 8.69 and Rs. 7.4 respectively.
The promoters holding in the company stood at 48.64 % while Institutions and Non-Institutions held 0 % and 51.36 % respectively.
The stock is currently trading below its 200 DMA.

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