Seshasayee Paper tanks after poor Q3 result

Seshasayee Paper and Boards lost 7.74% at Rs 902.10 at 11:02 IST on BSE after net profit fell 10.32% to Rs 30.92 crore on 2.88% rise in total income to Rs 301.73 crore in Q3 December 2017 over Q3 December 2016.

The result was announced on Saturday, 3 February 2018.

Meanwhile, the S&P BSE Sensex was down 332.71 points or 0.95% at 34,734.04. The S&P BSE Small-Cap index was down 278.13 points or 1.56% at 17,569.40.

On BSE, so far 1,947 shares were traded in the counter as against average daily volume of 2,184 shares in the past one quarter. The stock hit a high of Rs 920.95 and a low of Rs 888 so far during the day. The stock hit a record high of Rs 1,225 on 15 January 2018. The stock hit a 52-week low of Rs 650 on 23 August 2017.

The stock had outperformed the market over the past 30 days till 2 February 2018, rising 5.28% compared with 3.23% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 23.14% as against Sensex's 4.1% rise. The scrip had also outperformed the market in past one year, advancing 25.16% as against Sensex's 24.17% rise.

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

Seshasayee Paper and Boards operates an integrated pulp, paper and paper board Mill at Pallipalayam, Tamil Nadu.

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