Tami Nadu Newsprint & Papers rose 3.80% to Rs 65.50 at 11:22 IST on BSE, as net profit rose 21.1% to Rs 40.27 crore in Q2 September 2008 over Q2 September 2007.
The stock hit a high of Rs 68.25 and a low of Rs 62 so far during the day. The stock has a 52-week high of Rs 147 on 8 January 2008 and a 52-week low of Rs 55.05 on 27 October 2008.
The stock gained 3.53% to Rs 63.10 on 28 October 2008, ahead of the results.
The company’s current equity is Rs 69.21 crore. Face value per share is Rs 10.
The current price of Rs 65.50 discounts the company’s Q2 September 2008 annualized EPS of Rs 23.27, by a PE multiple of 2.81.
Tami Nadu Newsprint & Papers (TNPL)’s net sales rose 20.8% to Rs 288.82 crore in Q2 September 2008 over Q2 September 2007.
The company's principal activity is to produce paper.
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