Paper Products plan to sale Nagpur plant

Paper Products rose 1.73% to Rs 41.25 at 12:27 IST on BSE after its board decided to transfer/sell/dispose off its closed Nagpur, Maharashtra plant including its leasehold land and all other assets.

The company made the announcement before market hours today, 26 June 2008.

The stock hit a high of Rs 43 and a low of Rs 41.25 so far during the day. The stock had a 52-week high of Rs 78.80 on 31 December 2007 and a 52-week low of Rs 40 on 27 March 2008.

The small-cap scrip had outperformed the market over the past one month till 25 June 2008, declining 9.06% compared to the Sensex’s decline of 12.63%. It had also outperformed the market in the past one quarter, declining 4.03% compared to Sensex’s decline of 11.21%.

The company has an equity capital of Rs 12.54 crore. Face value per share is Rs 2.

The current price of Rs 41.25 discounts its Q1 March 2008 annualised EPS of Rs 6.01, by a

PE multiple of 6.86.

Paper Products (PPL) is India's leading consumer packaging company.

The company’s net profit rose 21.7% to Rs 9.42 crore on 21.5% rise in sales to Rs 158.24 crore in Q1 March 2008 over Q1 March 2007.