Star Paper hits upper limit on Q4 turnaround

The stock is now locked at 20 percent upper circuit on the BSE.

May 21, 2015 12:05 IST India Infoline News Service

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Star Paper Mills zoomed to hit the 20 percent upper limit at Rs. 23.75 on the back of Q4 turnaround.

According to a release issued by the company to the BSE, Star Paper yesterday reported a net profit of Rs. 12.09 crore for Q4FY15, as against a net loss of Rs. 5.15 crore in Q4FY14.

The stock remains locked at the upper circuit level. The counter has seen 25.7-fold jump in volume with trades of around 65,000 shares as against two-week daily average volume of around 2,525 shares on the BSE. There are pending buy orders for over 86,000 shares.

Meanwhile, the Sensex has tumbled 103 points at 27,734.   

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