Orient Paper and Industries
' net profit fell by 17.7% year-on-year to Rs 48.9 crore in the quarter
ended June 2012.
Net sales went up by 25.4% to Rs 657 crore from Rs 524 crore
during the same period.
Before the announcement of these numbers, the stock had
touched a 52-week high of Rs 113. But the disappointing numbers wiped out
majority of the gains (more than 13% from day's high).
The share rose just 1.4% to close at Rs 97.85 on the BSE.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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