Balkrishna Paper Mills jumped over 10 per cent in Thursday's trade
to take its four-day winning gains to 71 % , even as the company
management said it is not aware of any material development that requires stock
exchange filings. The scrip, though, witnessed multiple bulk deals on
Wednesday. The company said it has made prompt and adequate disclosures of
all events or information that have bearing on its operations and
performance including all price sensitive information and that there was no
information or announcement which was pending to be disclosed to stock
exchanges. We further inform you that as on date, there is no information
or announcement which is pending to be disclosed which in our opinion may have
a bearing on the price/volume behavior in the scrip. The stock rose 10% to hit a
high of Rs 50. This is in addition to a 20 per cent jump each in the previous
two sessions and a 9% rise on Monday. On Wednesday, four bulk deals took place
on the counter in Rs 44.73-46.20 price range. On Thursday, the scrip had buy
orders of 16,682 shares against sell orders of 1,840 shares.
Balkrishna Paper Mills is part of
Siyaram Poddar Group, which is into the diversified businesses of manufacturing
textiles, garments yarn, home furnishings and paper. The company makes
coated duplex boards, which are used for packaging by various industries such
as pharmaceuticals, toiletries, cosmetics and healthcare products, readymade
garments, instant food products, match boxes, incense sticks. Balkrishna Paper
Mills Limited began its journey with humble roots in Maharashtra.Paper stocks
has seen dream run in 2022, with West Coast Paper Mills up 126%, JK Paper
rallying 102, Tamil Newsprint up 96% , Andhra Paper up 88 per cent), Seshasayee
Paper up 86 % Star Paper Mills up 47% seeing strong gains.
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