Seshasayee Paper declines after weak Q1 numbers

Seshasayee Paper and Boards fell 4.15% to Rs 735 at 10:45 IST on BSE after net profit fell 9.8% to Rs 21.75 crore on 1.3% decrease in net sales to Rs 238.64 crore in Q1 June 2017 over Q1 June 2016.

The result was announced on Saturday, 29 July 2017.

Meanwhile, the S&P BSE Sensex was up 97.47 points, or 0.3% at 32,407.35. The S&P BSE Small-Cap index was up 21.88 points, or 0.14% at 16,094.21.

On the BSE, 3,241 shares were traded on the counter so far as against the average daily volumes of 1,416 shares in the past one quarter. The stock had hit a high of Rs 749 and a low of Rs 721 so far during the day. The stock had hit a record high of Rs 880 on 6 February 2017 and a 52-week low of Rs 381.50 on 16 August 2016.

The stock had underperformed the market over the past one month till 28 July 2017, advancing 2.82% compared with the Sensex's 4.79% rise. The scrip had also underperformed the market over the past one quarter advancing 6.46% as against the Sensex's 7.99% rise. The scrip had, however, outperformed the market over the past one year advancing 84.35% as against the Sensex's 14.54% rise.

The small-cap company has equity capital of Rs 12.61 crore. Face value per share is Rs 10.

Seshasayee Paper and Boards is engaged in the manufacture of printing and writing papers.

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