West Coast Paper share price zoomed over 6 per cent on NSE today. Recently, on 8th September, Vice Chairman Saurabh Bangur said that West Coast Paper Mills will likely be debt-free within the next 2 years. However, he also added that the company was also contemplating capacity expansions which might mean fresh debt could be added on the books. The present debt on the books was at Rs.350 cr.
Speaking to the media after the company posted its quarterly results, Bangur said that the coming quarters were likely to be better than the first as the demand-supply situation had improved. He further said that the company was operating at 100 per cent utilization and he expects 5 per cent price hike in paper products in FY17 and considerably better prices in the third and fourth quarters.
Meanwhile, West Coast Paper share price traded 6.41 per cent higher at Rs.104.55 on NSE today. The stock opened at Rs.98 from a previous closing of Rs.98.25.
The scrip made its 52-week high of Rs.110.00 (08-Sep-16) while it made its 52-week low of Rs.52.75 (12-Feb-16). The life time high of West Coast Paper share price stands at Rs.134.30 (07-Dec-12)on the other hand, the life time low of the stock stands at Rs.5.20 (29-Apr-99).
The market cap of West Coast Paper amounts to Rs.648.93 (Cr) while the book value stands at 90.64. The P/E Ratio of the stock is recorded to be 13.68. The stock has an ADM or Average Daily Movement of 4.07. Its average volume of 20 days stands at 355723 shares. The percentage of promoter holding pledged is 0.5. You can visit West Coast Paper share price history to know about the resistance and support levels of the stock.
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