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Apr 08, 2010, 01.23 PM IST | Source: CNBC-TV18

Price increase likely to happen in May: Star Paper

Commenting on the road ahead for the paper sector and the issue of rising prices, GP Goenka, Chairman of Star Paper, said, I dont 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.

GP Goenka, Chairman, Star Paper
Paper has been a sector that has been buzzing since the past few days. Commenting on the road ahead for the sector and the issue of rising prices, GP Goenka, Chairman of Star Paper , said, I dont 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 December 19, 2014, Star Paper Mills closed at Rs 20.50, up Rs 1.15, or 5.94 percent. The 52-week high of the share was Rs 26.20 and the 52-week low was Rs 6.18.


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 0.99.

READ MORE ON  Star Paper, GP Goenka, paper price
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