Orient Paper & Industries rose 6.41% to Rs 44.80 at 14:34 IST on BSE after net profit rose 180.16% to Rs 46.73 crore on 9.83% rise in net sales to Rs 625.71 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours on Friday, 6 May 2016.Meanwhile, the BSE Sensex was up 435.57 points, or 1.73%, to 25,664.07.
On BSE, so far 4.07 lakh shares were traded in the counter, compared with an average volume of 54,355 shares in the past one quarter. The stock hit a high of Rs 48 and a low of Rs 44.10 so far during the day. The stock hit a 52-week high of Rs 48 on 9 May 2016. The stock hit a 52-week low of Rs 22 on 11 June 2015. The stock had outperformed the market over the past one month till 6 May 2016, rising 13.78% compared with 1.32% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.07% as against Sensex's 2.48% rise.
The small-cap company has an equity capital of Rs 20.49 crore. Face value per share is Re 1.
Orient Paper & Industries reported net profit of Rs 21.02 crore in the year ended March 2016 as against net loss of Rs 28.65 crore in the year ended March 2015. Net sales rose 9.80% to Rs 1782.36 crore in the year ended March 2016 over the year ended March 2015.
Orient Paper & Industries is engaged in the manufacture and sale of paper with a wide range of writing, printing, industrial and specialty papers.
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