Paper Products rose 1.22% to Rs 74.50 at 14:46 IST on BSE, after the company said that it has sold a small office property in Mumbai.
The announcement was made after market hours on Monday, 30 December 2013.
Meanwhile, the BSE Sensex was up 5.63 points, or 0.03%, to 21,148.64
On BSE, so far 32,113 shares were traded in the counter as against an average daily volume of 11,577 shares in the past one quarter.
The stock was immensely volatile. It gained as much as 4.75% at the day's high of Rs 77.10 so far during the day. It fell as much as 0.67% at the day's low of Rs 73.10 so far during the day. The stock hit a 52-week high of Rs 81.80 on 7 January 2013. The stock had hit a 52-week low of Rs 56.50 on 29 April 2013.
The small-cap stock had outperformed the market over the past one month till 30 December 2013, rising 12.97% compared with the Sensex's 1.69% rise. The scrip had also outperformed the market in past one quarter, gaining 22.46% as against Sensex's 9.10% rise.
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The company has an equity capital of Rs 12.54 crore. Face value per share is Rs 2.
Paper Products after market hours on Monday, 30 December 2013 said that the company has sold a small office property in Nariman Point, Mumbai at a consideration of Rs 7.23 crore.
Paper Products' consolidated net profit rose 4.21% to Rs 9.15 crore on 20.03% rise in net sales to Rs 265.31 crore in the quarter ended September 2013 over the quarter ended September 2012.
The company offers a wide portfolio of packaging solutions that include flexible packaging, labeling technologies and specialized cartons.
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