Emami Paper Mills advances on buying by L&T MF

Emami Paper Mills rose 2.82% to Rs 217 at 12:03 IST on BSE after L&T Mutual Fund purchased bulk shares on the BSE yesterday, 17 January 2018.

Meanwhile, the S&P BSE Sensex was up 347.54 points or 0.99% at 35,429.36.

On the BSE, 1.84 lakh shares were traded on the counter so far as against the average daily volumes of 7 lakh shares in the past two weeks. The stock had hit a high of Rs 221.80 and a low of Rs 215 so far during the day. The stock had hit a record high of Rs 269 on 16 January 2018 and a 52-week low of Rs 95 on 23 May 2017.

Jekay International Track sold 4.70 lakh shares of Emami Paper Mills at Rs 225 per share in a bulk deal on the BSE yesterday, 17 January 2018. Parwati Devi Jalan offloaded 5.71 lakh shares. Ganpati Industrial disposed of 22.42 lakh shares. L&T Mutual Fund under its three schemes bought a total of 32.84 lakh shares at Rs 225 apiece.

Emami Paper Mills reported a net profit of Rs 0.51 crore on revenue of Rs 314.46 crore in the quarter ended 30 September 2017.

Emami Paper Mills is engaged in the manufacture of newsprint and writing and printing paper.

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