The announcement was made after market hours yesterday, 16 May 2017.
Meanwhile, the S&P BSE Sensex was up 47.72 points, or 0.16% to 30,630.32.
On the BSE, 35,000 shares were traded in the counter so far, compared with average daily volumes of 61,251 shares in the past one quarter. The stock had hit a high of Rs 92.65 and a low of Rs 89.05 so far during the day. The stock hit a 52-week high of Rs 96.45 on 12 April 2017. The stock hit a 52-week low of Rs 43.60 on 13 June 2016.
The stock had underperformed the market over the past one month till 16 May 2017, falling 5.11% compared with 3.97% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 12.65% as against Sensex's 8.62% rise.
The small-cap company has equity capital of Rs 21.22 crore. Face value per share is Re 1.
Orient Paper & Industries' net profit rose 140.68% to Rs 50.59 crore on 3.13% rise in net sales to Rs 1838.21 crore in the year ended March 2017 over the year ended March 2016.
Orient Paper and Industries manufactures a wide range of writing, printing, industrial and speciality papers.
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