The Board of Directors of Orient Paper and Industries Limited, at its meeting held today have approved the financial results of the company for the period ended December 31, 2022 - Q3FY23 and 9MFY23.
The Board of Directors of Orient Paper and Industries Limited, at its meeting held today have approved the financial results of the company for the period ended September 30, 2022 - Q3CY2022, 9MCY2022.
Get latest articles and stories on Latest News at LatestLY. Stocks of companies related to paper industry have gained amid a ban on certain Single-Use Plastic (SUP) items that kicked in from Friday. Latest News | Paper Stocks in Demand Amid Ban on Certain Single-use Plastic Items.
Shares of paper manufactures were on a roll with most of the frontline stocks trading up to 15 per cent higher, and many of them quoting at their respective 52-week highs levels in intra-day trade on Wednesday on demand revival.
Star Paper Mills (up 15 per cent at Rs 178), Orient Paper & Industries (up 13 per cent at Rs 33.30) and Seshasayee Paper & Boards (up 12 per cent at Rs 222.80) rallied over 10 per cent on the BSE. Astron Paper & Board Mill, JK Paper, Andhra Paper, Tamil Nadu Newsprint & Papers, Ruchira Papers and West Coast Paper were up 5 per cent to 8 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.20 per cent at 52,965 points, at 09:36 am.
From CARE Orient Paper & Industries announced that CARE has reaffirmed long term credit rating of the company to CARE A+ and short term credit rating of the company to CARE A1+. However, the outlook has been revised from Stable to Negative for both the ratings.
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