International Paper surges after good Q1 numbers

International Paper APPM jumped 4.04% to Rs 329.40 at 12:25 IST on BSE after net profit jumped 52.2% to Rs 23.85 crore on 6.78% increase in total income to Rs 327.22 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 25 July 2017.

Meanwhile, the S&P BSE Sensex was down 19.27 points, or 0.06% at 32,226.60. The S&P BSE Small-Cap index was up 3.11 points, or 0.02% at 16,038.87.

High volumes were witnessed on the counter. On the BSE, 90,000 shares were traded on the counter so far as against the average daily volumes of 11,201 shares in the past one quarter. The stock had hit a high of Rs 337.40 and a low of Rs 314.95 so far during the day. The stock had hit a 52-week high of Rs 376 on 26 April 2017 and a 52-week low of Rs 272 on 9 November 2016.

The stock had outperformed the market over the past one month till 24 July 2017, advancing 6.6% compared with the Sensex's 3.56% rise. The scrip had, however, underperformed the market over the past one quarter declining 11.35% as against the Sensex's 8.73% rise. The scrip had also underperformed the market over the past one year advancing 5.5% as against the Sensex's 15.98% rise.

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

International Paper APPM is an integrated paper and pulp manufacturing company. The company is engaged in the business of manufacture and sale of pulp, paper and paper board.

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