South India Paper Mills is currently trading at Rs. 109.00, down by 1.70 points or 1.54% from its previous closing of Rs. 110.70 on the BSE.
The scrip opened at Rs. 110.70 and has touched a high and low of Rs. 111.50 and Rs. 107.00 respectively. So far 28336 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.60 on 28-Jul-2016 and a 52 week low of Rs. 92.80 on 29-Mar-2016.
Last one week high and low of the scrip stood at Rs. 112.00 and Rs. 105.00 respectively. The current market cap of the company is Rs. 163.50 crore.
The promoters holding in the company stood at 44.43%, while Institutions and Non-Institutions held 1.78% and 53.79% respectively.
South India Paper Mills’ workers union has commenced an indefinite strike at its Nanjangud unit from March 20, 2017. The strike is occasioned by a lapse of the previous wage settlement between the workers and the management on March 31 last year.
The management was negotiating with the workers union for a fresh wage settlement based on demands submitted by the union. However, the workers have taken a unilateral decision to go on strike.