Astron Paper sizzles after export order win

Astron Paper & Board Mill rose 4.59% to Rs 111.65 at 14:03 IST on BSE after the company received an export order worth Rs 12 crore for supply of kraft paper.

The announcement was made during market hours today, 4 July 2018.

Meanwhile, the S&P BSE Sensex was up 91.58 points or 0.26% to 35,470.18.

On the BSE, 78,000 shares were traded in the counter so far, compared with average daily volumes of 7,965 shares in the past two weeks. The stock had hit a high of Rs 113.60 and a low of Rs 106.45 so far during the day. The stock had hit a record high of Rs 176.60 on 10 January 2018. The stock had hit a record low of Rs 100.50 on 27 June 2018.

Astron Paper & Board Mill said that the company has received an export order for supply of 4,000 MT kraft paper valued at about Rs 12 crore (net of taxes) which will be executed up to last week of August 2018.

Astron Paper & Board Mill's net profit fell 4.6% to Rs 5.18 crore on 60.97% growth in total income to Rs 77.36 crore in Q4 March 2018 over Q4 March 2017.

Astron Paper & Board Mill is engaged in manufacturing kraft paper. The company mainly caters to the packaging industry and the company's kraft paper is used by packaging industry in manufacturing corrugated boxes, liners, sacks and composite containers.

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