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Sundaram Multi Pap is currently trading at Rs. 5.72, up by 0.46 points or 8.75% from its previous closing of Rs. 5.26 on the BSE.
The scrip opened at Rs. 5.19 and has touched a high and low of Rs. 5.79 and Rs. 5.19 respectively. So far 1107642 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 5.95 on 19-Dec-2017 and a 52 week low of Rs. 2.55 on 10-Aug-2017.
Last one week high and low of the scrip stood at Rs. 5.95 and Rs. 4.37 respectively. The current market cap of the company is Rs. 137.26 crore.
The promoters holding in the company stood at 26.92%, while institutions and non-institutions held 4.06% and 69.02% respectively.
Sundaram Multi Pap has received an approval for transfer of Nagpur Paper Mill industrial land to affordable housing scheme under Pradhan Mantri Aavas Yojna (PMAY). The company owns a paper mill land unit area of 1,09,000 square meter (10.90 hectare) at Nagar Parishad, Kanhan, Pimpri, Nagpur, Maharashtra, which falls under Nagpur Improvement Trust, Nagpur.
This paper mill land was under industrial zone, however company had made an application on September 28, 2017 to the office of Nagar Parishad, Kanhan, Pimpri, Nagpur, Maharashtra, for transferring the same land title from industrial land to residential land.
Under the government rule for Public Residential Development, Nagar Parishad, Kanhan, Pimpri, Nagpur, Maharashtra, has approved and accepted the proposal for transferring the company’s Nagpur paper mill industrial land area i.e. 1,09,000 square meters into, residential land to be used for Affordable Housing Scheme under Pradhan Mantri Aavas Yojna (Residential and/or Commercial).
Further, the company may either sell the entire land or enter into joint venture with any public or private sector organizations for developing the same under the Affordable Housing Scheme, under Pradhan Mantri Aavas Yojna.
Sundaram Multi Pap (SMPL) is engaged in the manufacture of notebooks, account books, other paper stationery products, Kraft paper and trading of office paper stationery. Its operating facilities are located at Palghar, Nagpur and Kandla (SEZ facility). It sells its products in local as well as exports market.
| Company Name | CMP |
|---|---|
| JK Paper | 372.05 |
| TN Newsprints | 268.10 |
| West Coast Paper | 643.35 |
| Emami Paper Mills | 112.05 |
| Andhra Paper | 511.70 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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