Star Paper Share Price Dipped over 5%

Star paper share price saw a dip of more than 5 per cent in the early hour of today’s trading session.

Star Paper is engaged in production of paper and paper related products. Incorporated in the year 1938, the company is part of Duncan Goenka Group.

Star Paper has received ISO 9001:2000 as well as ISO 14001:2004 certifications for its quality management.

To produce its raw material, the company owns 34983 hectare on which 270 lakhs saplings have been grown spread across seven districts of western Uttar Pradesh and two districts of Uttranchal.

The company has started Clonal Technology Programme with an intention to increase the yield per unit area. The paper major has also developed a fully automatic green houses and hardening chambers at Tapri for the production of clonal plants.

At 10.05 AM Star paper share price was seen trading at Rs 178.85, 5.57 per cent or 10.55 points on NSE. A total of 72,884 shares of the company have been traded for a total value of Rs 132.57 lacs today. The 20 days average daily trading volume of the share is 1,08,278.

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Star Paper Share Price Zooms ver 7 Per Cent Intraday

The paper sector witnessed buying in the morning trade thereby leading to rise in Star Paper share price by more than 7 per cent intraday on the National Stock Exchange (NSE).The stock opened at Rs. 161.90 from a previous closing of Rs. 158.45. As of 11:09 am, the day’s high of the stock stood at Rs. 172.50 while the day’s low read at Rs.161.05. So far, the traded volume stands at 1,78,225 shares with a traded value of Rs. 298.95 lac.

Its P/E Ratios are as Follows:

Standalone FY 15-16 PE Ratio	14.99
Standalone Trailing PE Ratio	6.56

 The market cap of Star Paper amounts to Rs. 247.31 (Cr) while the book value stands at 40.72. The one-month return percentage stands at 23.21. The average volume of 20 days of the scrip stands at 292551 shares. The stock has an ADM or Average Daily Movement of 8.45.

Out of the 1700 Shares which are listed on the National Stock Exchange (NSE), Star Paper is one of the top 500 Stocks, identified by Dynamic Levels Researchers and stock analysts for the current quarter. According to Dynamic Levels Research Analysts, the major support level for the stock stands at 146.85. On the other hand, its major resistance level reads at 171.90.

The stock touched 52-week high of Rs. 194.35 (10-Nov-16) while it hit 52-week low of Rs. 27.50 (11-Feb-16). The life time high of Star Paper share price stands at Rs. 194.35 (10-Nov-16), on the other hand, the life time low of the stock stands at Rs. 2.50 (22-Apr-99). Meanwhile, Star Paper share price was trading 7.57 per cent higher at Rs.170.45 on the National Stock Exchange (NSE) today.

To seek other information on the resistance and support levels of the scrip and also to know more about financials and fundamentals of the stock, please pay a visit to Star Paper share price history.