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Huhtamaki PPL declines after weak Q1 results

Capital Market 

Huhtamaki PPL was down 3.44% to Rs 259.55 at 10:53 on after net profit fell 52.6% to Rs 16.32 crore on 2.8% decline in net sales to Rs 505.61 crore in Q1 March 2017 over Q1 March 2016.

The result was announced after market hours on Friday, 12 May 2017.

Meanwhile, the S&P Sensex was up 132.66 points or 0.44% at 30,320.81. The Small-Cap index was up 115.36 points or 0.74% at 15,644.19.

On the BSE, 2,213 shares were traded on the counter so far as against the average daily volumes of 8,598 shares in the past one quarter. The stock had hit a high of Rs 269 and a low of Rs 250.25 so far during the day.

The stock had hit a 52-week high of Rs 327 on 8 August 2016 and a 52-week low of Rs 227 on 29 March 2017. It had underperformed the market over the past one month till 12 May 2017, advancing 1.51% compared with the Sensex's 1.84% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 11.47% as against the Sensex's 6.54% rise.

The small-cap company has equity capital of Rs 15.10 crore. Face value per share is Rs 2.

Huhtamaki PPL is engaged in the manufacturing of primary consumer packaging and labelling materials. It is one of the manufacturers of finished flexible packaging in the larger Africa - India - Asia Pacific region excluding Japan.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 10:54 IST