Shree Ajit Pulp and Paper Ltd Performance
Open
230
Traded Value (Cr)
12.28 K
Prev. Close
220
VWAP
226.25
Volume
55.00
Face Value
10
Shree Ajit Pulp and Paper Ltd Fundamentals
Shree Ajit Pulp and Paper Ltd Financials
Resistance and Support
₹224.98
PIVOT
Resistance | |
---|---|
First Resistance | ₹230.967 |
Second Resistance | ₹235.933 |
Third Resistance | ₹241.917 |
Support | |
---|---|
First Resistance | ₹220.017 |
Second Resistance | ₹214.033 |
Third Resistance | ₹209.067 |
RSI | 63.486 |
MACD | 5.456 |
ADX | 47.302 |
CCI | 72.308 |
Delivery and Volume
About Shree Ajit Pulp and Paper Ltd
Shree Ajit Pulp and Paper Ltd.(SAPPL), was incorporated as Private Limited Company on March 23, 1995 and converted into a Public Limited Company on November 13, 1995. The Company manufactures Multilayer Testliner & Testliner Paper from 80 to 350 GSM and 18 to 35 BF in Vapi. This product is mainly used for making Corrugated Boxes, Duplex Cartons, Corrugated small e-fluet etc. as packaging material. Apart from this, it is having 2 wind mills for total capacity of 2.75 MW in Gujarat State, set up for captive consumption. These are in operation. The Company is having wheeling arrangement with GETCO and DGVCL whereby the set off is given to Company for generation of electricity from wind mills. The company came out with an public issue aggregating 3.15 Crores in October, 1996. The Company started manufacturing quality kraft paper in 1997 with production capacity of 16,500 tonne per annum. Due to consistent efforts, continuous innovation, technological advancements, consistent quality products and huge base of satisfied customers, it increased production capacity to 1,08,000 tonne per annum. The Company set up a subsidiary, viz. Ajit Export Inc. in the USA in 2006 and it ceased to be the subsidiary of the Company with effect from 6th December 2007 upon sale of shares held by the Company. Thereafter, the first phase of the modernization of the existing unit was commissioned costing Rs 6.43 Crores in 2007. The work on second phase of modernization and expansion of the existing unit got commissioned and was made operational in March, 2009. The Company set up Wind Power Plant of 1.50 MW capacity at Miyana, Dist Rajkot, costing Rs 8.97 Crores, which was erected and commissioned in March, 2010 and it started generating power effective from 29th March, 2010. It also got into wheeling agreement with Gujarat Energy Transmission Limited for availing the power generated at their manufacturing plant at Vapi. Also, that the Company incorporated a fully owned subsidiary Shree Samrudhi Industrial Papers Pvt Ltd on 2nd April, 2010. It formed a 50:50 JV by incorporating a private Company, Shree Samrat Pulp and Paper Pvt Ltd. in 2010-11. The Company setup a Wind Mill having capacity of 1.25 MW at Taluka Dwarka, in Dist. Jamnagar, which was commissioned costing Rs 6.38 Crores and started power generation with effect from 30th March, 2012. The Co-Generation Power Plant having 1.50 MW capacity was commissioned in October, 2013.
Managing Director
Gautam D Shah
Founded
1995
NSE Symbol
Shree Ajit Pulp and Paper Ltd Management
Name | Designation |
---|---|
Gautam D Shah | Chairman & Managing Director |
Darshak B Shah | Independent Director |
Bela G Shah | Whole Time Director & CFO |
Nawalkishore D Modi | Independent Director |
Shanoo Mathew | Company Sec. & Compli. Officer |
YOGESH VALJIBHAI KABARIA | Independent Director |
Prakash Dayarambhai Patel | Executive Director |
Shree Ajit Pulp and Paper Ltd News
Similar Stocks
Company | Market Cap | Market Price | P/E Ratio |
---|---|---|---|
CENTURYTEX | ₹ 22,321 Cr | ₹ 1,998.40 (-0.06 %) | 56.17 |
JKPAPER | ₹ 6,034 Cr | ₹ 356.25 (0.71 %) | 6.90 |
WSTCSTPAPR | ₹ 4,204 Cr | ₹ 636.60 (2.48 %) | 7.51 |
ANDHRAPAP | ₹ 2,057 Cr | ₹ 517.30 (1.87 %) | 4.41 |
SESHAPAPER | ₹ 2,032 Cr | ₹ 322.20 (2.42 %) | 7.83 |