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

News, Neuigkeiten
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.

Related Story

Blogs & Personal Finance