Commenting on the road ahead for the paper sector and the issue of rising prices, GP Goenka, Chairman of Star Paper, said, “I don’t think we have reached the end of the road yet. Sooner or later we will have to go for a further hike in prices to nullify cost increase.”
The international paper prices too, he said, had surged. In India, he expected a rise in prices to happen most likely in May.
For complete interview, watch video.
Star Paper stock price
On November 27, 2015, Star Paper Mills closed at Rs 32.40, down Rs 0.85, or 2.56 percent. The 52-week high of the share was Rs 36.50 and the 52-week low was Rs 16.35.
The company's trailing 12-month (TTM) EPS was at Rs 8.60 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 3.77. The latest book value of the company is Rs 30.15 per share. At current value, the price-to-book value of the company is 1.07.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen