Huhtamaki PPL was locked in 20% upper circuit at Rs 277.40 at 10:25 IST on BSE, after consolidated net profit rose 67.4% to Rs 34.28 crore on 19.3% growth in net sales to Rs 520.01 crore in Q1 March 2016 over Q1 March 2015.
The announcement was made after market hours yesterday, 10 May 2016.Meanwhile, the S&P BSE Sensex was down 95.71 points or 0.37% at 25,676.82
On BSE, so far 90,004 shares were traded in the counter as against average daily volume of 4,243 shares in the past one quarter. The stock hit a high of Rs 277.40 and a low of Rs 246 so far during the day. The stock had hit a record high of Rs 334 on 13 July 2015. The stock had hit a 52-week low of Rs 176.90 on 12 February 2016. The stock had underperformed the market over the past one month till 10 May 2016, rising 2.57% compared with 4.45% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 15.14% as against Sensex's 8.48% rise.
The small-cap company has equity capital of Rs 14.54 crore. Face value per share is Rs 2.
Huhtamaki PPL (formerly Paper Products) offers a wide portfolio of packaging solutions that include flexible packaging, labeling technologies and specialized cartons.
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