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 July 24, 2014, Star Paper Mills closed at Rs 10.10, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 13.15 and the 52-week low was Rs 5.81.
The latest book value of the company is Rs 20.68 per share. At current value, the price-to-book value of the company was 0.49.
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Market in fine fettle; 2014-end Sensex target at 26300:Citi