Tamil Nadu Newsprint gains as HDFC MF purchases bulk shares
Meanwhile, the S&P Sensex was down 32.41 points, 0.11% to 29,475.04.On
the BSE, 26,000 shares were traded on the counter so far as against the
average daily volumes of 24,368 shares in the past one quarter. The
stock had hit a high of Rs 322 and a low of Rs 316.90 so far during the
day.
The stock had hit a record high of Rs 392.45 on 13 October
2016 and a 52-week low of Rs 198.55 on 16 March 2016. The stock had
underperformed the market over the past one month till 14 March 2017,
declining 8.59% compared with the Sensex's 3.89% rise. The scrip had
also underperformed the market over the past one quarter declining
11.05% as against the Sensex's 10.67% rise.The small-cap company has equity capital of Rs 69.21 crore. Face value per share is Rs 10.
Tamil
Nadu Newsprint & Papers' net profit rose 39.2% to Rs 61.06 crore on
49.3% increase in net sales to Rs 698.85 crore in Q3 December 2016 over
Q3 December 2015.Tamil Nadu Newsprint & Papers (TNPL)
manufactures newsprint and printing & writing paper using bagasse, a
sugarcane residue, as primary raw material.
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