Star Paper Mills cracks after poor Q2 result

Star Paper Mills dropped 5.41% to Rs 202 at 12:51 IST on BSE after net profit fell 6.68% to Rs 14.68 crore on 3.43% decrease in net sales to Rs 81.30 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 23 November 2017.

Meanwhile, the S&P BSE Sensex was up 87.59 points, or 0.26%, to 33,675.67. The S&P BSE Small-Cap index was up 109.51 points, or 0.61%, to 18,053.37

On the BSE, 54,000 shares were traded in the counter so far, compared with average daily volumes of 29,715 shares in the past one quarter. The stock had hit a high of Rs 214.45 and a low of Rs 200.40 so far during the day. The stock hit a record high of Rs 239 on 7 November 2017. The stock hit a 52-week low of Rs 134.70 on 23 March 2017.

 

The stock had outperformed the market over the past one month till 23 October 2017, rising 11.95% compared with 1.83% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 15.81% as against Sensex's 0.86% rise. The scrip had also outperformed the market in past one year, surging 23.98% as against Sensex's 15.36% rise.

The small-cap company has equity capital of Rs 15.61 crore. Face value per share is Rs 10.

Star Paper Mills is an integrated pulp and paper mill. It produces a wide range of industrial, packaging and cultural papers catering to almost all segments of the consumers.

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