Emami Paper Mills is currently trading at Rs. 128.45, up by 7.10 points or 5.85% from its previous closing of Rs. 121.35 on the BSE.
The scrip opened at Rs. 127.80 and has touched a high and low of Rs. 134.00 and Rs. 126.05 respectively. So far 16727 shares were traded on the counter.
The BSE group 'XC' stock of face value Rs. 2 has touched a 52 week high of Rs. 152.20 on 03-Nov-2016 and a 52 week low of Rs. 54.00 on 11-Jul-2016.
Last one week high and low of the scrip stood at Rs. 134.00 and Rs. 100.10 respectively. The current market cap of the company is Rs. 772.88 crore.
The promoters holding in the company stood at 74.97%, while institutions and non-institutions held 0.11% and 24.92% respectively.
Emami Paper Mills has received an in-principle approval from the Odisha Government for its proposed expansion plan for increasing capacity of Multi-Layer Coated Board Manufacturing at Balgopalpur in Odisha at an estimated cost of Rs 650 crore subject to necessary approvals from the Board of Directors and other concerned.
Buoyed by the performance of its first Packaging Unit at Balasore, touching almost 180,000 TPA mark, the company is now planning to put in place a similar plant of Multi-Layer Coated Board. This will result in doubling its present capacity and the significant market share.
Further, encouraged by good market response and growth in Packaging sector, the company is now conceptualizing another big ticket expansion in the form of similar plant at Balasore with somewhat similar capacity, details of which are being worked out.
| Company Name | CMP |
|---|---|
| JK Paper | 391.35 |
| TN Newsprints | 155.90 |
| West Coast Paper | 521.00 |
| Emami Paper Mills | 81.20 |
| Seshasayee Paper | 265.60 |
| View more.. | |
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