In Q2FY24, the company achieved the highest finished production for the quarter totalling 40,649 metric tons. The upgradation of the paper machine led to an increase in its capacity from 30 tons to 50 tons per day.

Shares of the company have gained more than 30 per cent in the last six months.

In just 6 months the stock has gained 45.65 per cent whereas BSE Smallcap Index gained only 14.88 per cent.

Based on the quarterly results, the corporation increased its net sales by 145.91 per cent in Q2FY23 over Q2FY22.

On Monday, the domestic equity markets commenced the week on a positive note and ended with gains of nearly one per cent. Supportive global cues coupled with buying across sectors pushed the benchmarks to end higher. 

On Friday, the domestic benchmark indices remained range-bound due to cautiousness on the back of rising cost pressures on corporates, increase in global inflation globally and sluggish automobile dispatches to dealers due to supply constraints.