Tamil Nadu Newsprint & Papers surged 2.98% to Rs 101.55 at 10:25 IST on BSE after posting 26.1% rise in net profit to Rs 27.38 crore on 10.9% increase in net sales to Rs 250.22 crore in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 105.50 and a low of Rs 101.55 so far during the day. The stock had a 52-week high of Rs 147 on
The company’s current equity is Rs 69.21 crore. Face value per share is Rs 10.
The current price of Rs 101.55 discounts its Q4 March 2008 annualised EPS of Rs 15.82, by a PE multiple of 6.42.
Tamil Nadu Newsprint & Papers’ net profit rose 31.1% to Rs 112.82 crore on 9.8% rise in net sales to Rs 938.53 crore in the year ended March 2008 over the year ended March 2007.
The company's principal activity is to produce papers.
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