Ballarpur Industries is currently trading at Rs. 13.10, up by 0.69 points or 5.56% from its previous closing of Rs. 12.41 on the BSE.
The scrip opened at Rs. 12.45 and has touched a high and low of Rs. 13.28 and Rs. 12.05 respectively. So far 420349 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 21.80 on 01-Jan-2016 and a 52 week low of Rs. 11.80 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 13.28 and Rs. 11.80 respectively. The current market cap of the company is Rs. 820.72 crore.
The promoters holding in the company stood at 49.43% while Institutions and Non-Institutions held 29.79% and 20.78% respectively.
Ballarpur Industries has delayed its plan to sell stake in its step-down subsidiary Sabah Forest Industries Sdn Bhd, Malaysia, to Pandawa Sakti (Sabah) Sdn Bhd till March 31.
Ballarpur Industries’ arm Ballarpur Paper Holdings BV had in September signed a share sale agreement with Malaysia’s Pandawa Sakti for selling 98.08 per cent stake in Sabah Forest Industries for $500 million.
The company is planning to use the proceeds from the Sabah Forest stake sale to pare debt in some subsidiaries. The delay in stake sale notwithstanding, a surety bond worth $22.50 million issued by Pandawa Sakti to Ballarpur Paper Holdings continues to remain valid.
Ballarpur Industries is engaged in manufacturing of wide range of papers such as coated wood free, uncoated wood free, copy paper, packaging, business stationery, industrial grades and speciality and fine paper.
| Company Name | CMP |
|---|---|
| JK Paper | 360.95 |
| TN Newsprints | 140.25 |
| West Coast Paper | 470.00 |
| Emami Paper Mills | 73.94 |
| Seshasayee Paper | 263.45 |
| View more.. | |
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