South India Paper stock down by 10 percent
Bangalore:South India Paper Mills stock was among top losers after price went down by nearly 10 percent. After opening the day at 
60.15, the stock touched its 52 week high of 68.35, before closing the trade at 61.00, with loss of 9.84 percent.Through the day, 27393 shares of South India Paper Mills were traded in the market.
The South India Paper Mills Limited is an India-based company. The Company is engaged in the manufacture of paper and paper products. It is also engaged in the generation of power. The Company operates in two segments: Paper & Paper Products and Power. Its products include Kraft liners / Test liners, MG Kraft Paper, MF Printing and Writing & Newsprint.
South India Paper Mills reported a substantial rise in standalone net profit for the quarter ended June 2010. During the quarter, the profit of the company rose 49.13 percent to Rs 45.62 million from Rs 30.59 million in the same quarter last year.
Net sales for the quarter for the quarter jumped 53.81 percent to Rs 487.97 million, while total income for the quarter jumped 54.34 percent to Rs 490.31 million, when compared with the prior year period.It posted earnings of Rs 6.08 a share during the quarter, registering 49.02% growth over prior year period.
60.15, the stock touched its 52 week high of 68.35, before closing the trade at 61.00, with loss of 9.84 percent.Through the day, 27393 shares of South India Paper Mills were traded in the market.
The South India Paper Mills Limited is an India-based company. The Company is engaged in the manufacture of paper and paper products. It is also engaged in the generation of power. The Company operates in two segments: Paper & Paper Products and Power. Its products include Kraft liners / Test liners, MG Kraft Paper, MF Printing and Writing & Newsprint.
South India Paper Mills reported a substantial rise in standalone net profit for the quarter ended June 2010. During the quarter, the profit of the company rose 49.13 percent to Rs 45.62 million from Rs 30.59 million in the same quarter last year.
Net sales for the quarter for the quarter jumped 53.81 percent to Rs 487.97 million, while total income for the quarter jumped 54.34 percent to Rs 490.31 million, when compared with the prior year period.It posted earnings of Rs 6.08 a share during the quarter, registering 49.02% growth over prior year period.