AP Paper Mills slumps after poor Q2 outcome

Andhra Pradesh Paper Mills lost 4.26% to Rs 281.20 at 11:23 IST on BSE after the company reported net loss of Rs 45.05 crore in Q2 September 2013, as against net profit of Rs 7.55 crore in Q2 September 2012.

The result was announced after market hours on Monday, 14 October 2013.

Meanwhile, the S&P BSE Sensex was down 122.21 points or 0.59% at 20,485.33

On BSE, 19,233 shares were traded in the counter as against average daily volume of 27,789 shares in the past one quarter.

The stock hit a high of Rs 285 and a low of Rs 276.15 so far during the day. The stock had hit a 52-week high of Rs 330 on 22 October 2012. The stock had hit a 52-week low of Rs 179 on 8 March 2013.

The stock had outperformed the market over the past one month till 14 October 2013, rising 6.7% compared with the Sensex's 4.43% rise. The scrip, however, underperformed the market in past one quarter, gaining 2.14% as against Sensex's 3.25% rise.

The small-cap company has equity capital of Rs 39.77 crore. Face value per share is Rs 10.

Andhra Pradesh Paper Mills' net sales rose 3.1% to Rs 246.49 crore in Q2 September 2013 over Q2 September 2012.

Andhra Pradesh Paper Mills is a leading manufacturer of pulp and paper products and caters to both domestic and foreign markets.

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