Hot Pursuit     14-Aug-14
West Coast Paper jumps after good Q1 numbers
West Coast Paper Mills rose 5.22% to Rs 58.50 at 14:10 IST on BSE after net profit rose 38.51% to Rs 10.25 crore on 17.64% increase in net sales to Rs 393.85 crore in Q1 June 2014 over Q1 June 2013.

The result was announced during trading hours today, 14 August 2014.

Meanwhile, the BSE Sensex was up 180.95 points, or 0.70%, to 26,099.90.

On BSE, so far 1.41 lakh shares were traded in the counter, compared with an average volume of 1.22 lakh shares in the past one quarter.

The stock hit a high of Rs 59.75 and a low of Rs 55.60 so far during the day. The stock hit a 52-week high of Rs 73.50 on 12 June 2014. The stock hit a 52-week low of Rs 37 on 30 August 2013.

The stock had underperformed the market over the past one month till 13 August 2014, rising 0.72% compared with 3.57% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 6.41% as against Sensex's 8.58% rise.

The small-cap company has an equity capital of Rs 13.21 crore. Face value per share is Rs 2.

West Coast Paper Mills is one of the oldest and largest producers of paper for printing, writing, and packaging in India. The variety of quality paper that the company produces serve the needs of numerous industries that include food packaging, printing and publishing, garments, stationary, and notebooks, etc.

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