Andhra Pradesh Paper Mills advanced 2.54% at Rs 288.15 at 09:18 IST on BSE after the company reported net profit of Rs 8.13 crore in Q1 June 2013 as compared to net loss of Rs 15.81 crore in Q1 June 2012.
The result was announced after market hours on Tuesday, 23 July 2012.
Meanwhile, the BSE Sensex was down 75.32 points, or 0.37%, to 20,226.81.
On BSE, 5,061 shares were traded in the counter as against an average daily volume of 39,552 shares in the past one quarter.
The stock hit a high of Rs 293.20 and a low of Rs 287 so far during the day. The stock had hit a 52-week high of Rs 373.30 on 12 September 2012. The stock had hit a 52-week low of Rs 179 on 8 March 2013.
The stock had underperformed the market over the past one month until 23 July 2013, gaining 4.83% compared with the Sensex's 8.14% rise. The scrip, however, outperformed the market in past one quarter, rising 49.23% as against 5.85% rise in the Sensex.
The small-cap company has an equity capital of Rs 39.77 crore. Face value per share is Rs 10.
Andhra Pradesh Paper Mills' net sales rose 37.4% to Rs 256.32 crore in Q1 June 2013 over Q1 June 2012.
Andhra Pradesh Paper Mills manufactures and deals in paper related products. The company manufactures and distributes copier paper, color cards, cover papers, plain paper, and white and color poster paper.
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