Essel Propack drops on profit taking

Meanwhile, the S&P BSE Sensex was up 117.95 points or 0.65% at 18,360.51.

On BSE, 11,000 shares were traded in the counter as against average daily volume of 40,355 shares in the past one quarter.

The stock hit a high of Rs 34.40 and a low of Rs 32.75 so far during the day. The stock had hit a 52-week low of Rs 27.65 on 12 April 2012. The stock had hit a 52-week high of Rs 46.55 on 10 December 2012.

The stock had outperformed the market over the past one month till 12 April 2013, sliding 3.85% compared with the Sensex's 6.76% fall. The scrip had, however, underperformed the market in past one quarter, sliding 17.38% as against Sensex's 7.23% fall.

The small-cap company has equity capital of Rs 31.42 crore. Face value per share is Rs 2.

Shares of Essel Propack had risen 4.48% in three trading sessions to settle at Rs 33.75 on Friday, 12 April 2013, from a recent low of Rs 32.30 on 9 April 2013.

On a consolidated basis, Essel Propack's net profit jumped 62.3% to Rs 22.06 crore on 7.9% growth in net sales to Rs 444.33 crore in Q3 December 2012 over Q3 December 2011.

Essel Propack (EPL) is a specialized packaging company promoted by Essel Group. EPL is the world's largest manufacturer of laminated tubes and has 24 state-of-art facilities in 12 countries across four continents.

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