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Ballarpur Industries moves up on making investment in 50% stake of Premier Tissue

03 Aug 2018 Evaluate

Ballarpur Industries is currently trading at Rs. 10.18, up by 0.18 points or 1.80% from its previous closing of Rs. 10.00 on the BSE.

The scrip opened at Rs. 10.20 and has touched a high and low of Rs. 10.29 and Rs. 10.00 respectively. So far 114370 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.20 on 01-Jan-2018 and a 52 week low of Rs. 8.25 on 20-Jul-2018.

Last one week high and low of the scrip stood at Rs. 10.38 and Rs. 9.02 respectively. The current market cap of the company is Rs. 1324.50 crore.

The promoters holding in the company stood at 25.05%, while Institutions and Non-Institutions held 39.25% and 35.70% respectively.

Ballarpur Industries has received in-principle approval for subscription to 50% of the Equity Share Capital of Premier Tissue (India) (a wholly owned subsidiary of the company) by Rubfila International, subject to finalization of Share Subscription Agreement, Shareholders Agreement and any other required documents. The Board of Directors the company at its meeting held on August 01, 2018, approved the same.

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.

Ballarpur Inds. Share Price

0.89 0.00 (0.00%)
22-Jun-2023 18:01 View Price Chart
Peers
Company Name CMP
JK Paper 375.20
TN Newsprints 140.05
West Coast Paper 492.00
Emami Paper Mills 75.24
Seshasayee Paper 270.95
View more..

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