Speciality Papers surges on export order

Speciality Papers surged 3.99% to Rs 62.50 at 14:13 IST on BSE after the company said it has bagged an export order worth $0.5 million in Latin America.

The company made this announcement during trading hours today, 7 March 2008.

On BSE, 51,527 shares were traded in the counter. The scrip had an average daily volume of 22,273 shares in the past one quarter.

The stock hit a high of Rs 63.10 and a low of Rs 58.25 far during the day. The stock had a 52-week high of Rs 107.50 on 18 January 2008 and a 52-week low of Rs 26 on 3 April 2007.

The small-cap scrip had underperformed the market over the past one month till 5 March 2008, declining 21.80% compared to the Sensex’s fall of 11.37%. It had outperformed the market in the past one quarter, rising 7.71% compared to Sensex’s decline of 16.44%.

The company’s current equity is Rs 3.84 crore. Face value per share is Rs 10.

The current price of Rs 62.50 discounts Q3 December 2007 annualized EPS of Rs 5.73 by a PE multiple of 10.91.

Speciality Papers’ net profit rose 3.8% to Rs 0.55 crore on 1.6% growth in net sales to Rs 14.31 crore in Q3 December 2007 over Q3 December 2006.

The company is engaged in manufacturing and selling paper and paper related products. The company’s products include tissue papers, hygiene products and printing and writing papers.