The company was on the second list of 29 defaulting companies of RBI, recommending that these firms be referred for resolution through the bankruptcy code.
Ballarpur Industries has reported a consolidated total income from operations of Rs 824.43 crore and a net loss of Rs 150.20 crore for the quarter ended Jun-2018
The company, which makes writing and printing paper, had posted a net loss of Rs 243.37 crore in the same period previous fiscal.
As per the agreement signed on April 4, Pelangi Prestasi has already deposited 10 percent of the total consideration in cash, Ballarpur Industries said in a regulatory filing.
India has initiated an anti-dumping probe into imports of a certain kind of paper from Indonesia, Thailand and Singapore following complaints from some domestic companies.
Ballarpur Industries has made partial payment of only Rs 4 crore to IDBI Mutual Fund while the remaining Rs 26 crore is still pending
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Apollo Hospitals, Ballarpur Industries and GSFC and sell HPCL and Tata Power.
Vishal Malkan of malkansview.com is of the view that one may sell Marico with a target of Rs 285.
Paper stocks like Ballarpur Industries, NR Agarwal Industries, JK Paper, Star Paper and West Coast Paper will get astrological support, says Satish Gupta of astrostocktips.in.
Mehraboon Irani of Nirmal Bang Securities likes Ruchira Papers, Dalmia Bharat, Sterlite Technologies and Quess Corp.
Ashwani Gujral of ashwanigujral.com recommends buying Ballarpur Industries, Sobha, Gujarat Gas, Dish TV and Thomas Cook.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Bajaj Finance and Idea Cellular while buy Ballarpur Industries.
The company, which makes writing and printing paper, had posted a net loss of Rs 59.31 crore in the same period of the previous fiscal.
Citing worsening liquidity situation and curbing of operations of the company due to inadequate working capital, the agency said it has downgraded the ratings on BILT and its arm "to CCC, from B-".
Infosys | Cairn India | Biocon | Oil India | Mercater | Clariant Chemicals | MRF | Edelweiss Financial | NTPC | Bartronics | APL Apollo Tubes | Hindustan Organic Chemicals | Mahindra Holidays | Prakash Industries | Trigyn Technologies | Atlanta and BPCL are stocks, which are in the news today.
Satish Gupta of Astrostocktips is of the view that paper stocks like Pudumjee Pulp and Paper Mills, JK Paper, Ruchira Paper, Ballarpur Industries and Malu Paper will get astro support.
The company, which makes writing and printing paper, had posted a net profit of Rs 30.8 crore in the same period of the previous fiscal.
L&T | Tata Power | Wipro | Coal India | Tata Motors | TVS Motor | Jindal Drilling | Shilpa Medicare | Clariant Chemicals | AstraZeneca | Reliance Communications | Crompton Greaves | Ballarpur Industries | JSPL | Bombay Dyeing and Advanced Enzymes are stocks, which are in the news today.
Ashwani Gujral of ashwanigujral.com recommends buying Ceat, Ballarpur Industries and NTPC.
Avantha group firm Ballarpur Industries today said its subsidiary has received a tentative offer and draft term sheet from JK Paper for acquisition of two of its facilities.