Genus Paper & Boards surges on commencing commercial production of Duplex Paper

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Genus Paper & Boards is currently trading at Rs. 15.65, up by 1.04 points or 7.12% from its previous closing of Rs. 14.61 on the BSE.

Genus Paper Boards
Genus Paper Boards

The scrip opened at Rs. 14.75 and has touched a high and low of Rs. 15.94 and Rs. 14.75 respectively. So far 142148 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 16.42 on 11-Feb-2022 and a 52 week low of Rs. 6.60 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 15.94 and Rs. 13.10 respectively. The current market cap of the company is Rs. 375.66 crore.

The promoters holding in the company stood at 50.50%, while Institutions and Non-Institutions held 0.14% and 49.35% respectively.

Genus Paper & Boards has successfully commenced commercial production of Duplex Paper from one of production Lines, at company’s new Unit located at Muzaffarnagar, Uttar Pradesh on March 14, 2022.

The Muzaffarnagar unit has manufacturing facilities for production of Kraft Paper and Duplex Paper.

The company is engaged in the business of manufacture of Kraft Paper and M.S. Ingot.

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