Meanwhile, the S&P BSE Sensex was up 31.33 points or 0.12% at 26,159.53.

On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 2,200 shares in the past one quarter.

The stock hit a high of Rs 54 and a low of Rs 48 so far during the day. The stock had hit a 52-week high of Rs 54.25 on 4 August 2015. The stock had hit a 52-week low of Rs 33 on 2 July 2015.

The stock had outperformed the market over the past one month till 27 November 2015, rising 2.73% compared with Sensex's 4.13% fall. The scrip had, however, underperformed the market in past one quarter, sliding 7.57% as against Sensex's 0.39% fall.

The small-cap company has equity capital of Rs 12.10 crore. Face value per share is Rs 2.

Emami Paper Mills' net profit declined 89.2% to Rs 0.41 crore on 2.8% growth in net sales to Rs 135.83 crore in Q2 September 2015 over Q2 September 2014.

Emami Paper Mills, a part of Emami Group, specialises in the manufacture of newsprint and writing and printing paper. The company enjoys the position of being the largest manufacturer of newsprint in India, and the only manufacturer in eastern India.