Star Paper Mills
extended its Friday’s rally on Monday on the back of heavy volumes. The stock has zoomed over 40% from Rs 143 on March 24, 2017. The stock on Monday’s intraday basis surged 17% to Rs 200 and it witnessed a huge spurt in volumes by more than 70.7 times.
In the previous week, the state-owned bank, Punjab National Bank sold the company's 6.8 million or 4.36% shares via an open market transaction on the NSE, according to data revealed by the exchanges.
As per the bulk deal data, Anil Kumar Goel has purchased 113,440 shares at a price of Rs 135.22 per share of the company. The shareholding patterns show that Anil Kumar Goel held more than 1% stakes each in TCPL Packaging, Dwarikesh Sugar Industries, Dhampur Sugar Mills, RSMW Tamil Nadu Newsprint and Vardhman Holdings.
Star Paper Mills Ltd ended at Rs 187, up by Rs 16 or 9.36% from its previous closing of Rs 171 on the BSE.
The scrip opened at Rs 176 and touched a high and low of Rs 200.2 and Rs 176 respectively. A total of 3789054(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 266.93 crore.
The BSE group 'B' stock of face value Rs 10 touched a 52 week high of Rs 215.8 on 07-Feb-2017 and a 52 week low of Rs 32.2 on 31-Mar-2016. Last one week high and low of the scrip stood at Rs 171 and Rs 134.7 respectively.
The promoters holding in the company stood at 53.06 % while Institutions and Non-Institutions held 1.32 % and 45.62 % respectively.
The stock traded above its 50 DMA.