Espresso Shot of the Day - Tamil Nadu Newsprint And Papers LTD up by 9.59 percent

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Espresso Shot of the Day - Tamil Nadu Newsprint And Papers LTD up by 9.59 percent

August 01, 2022
Espresso Shot of the Day - Tamil Nadu Newsprint And Papers LTD up by 9.59 percent

TAMIL NADU NEWSPRINT & PAPERS LTD 241.60   (+9.59%)  BSE –  INE107A01015 | 1st August 2022

https://www.myespresso.com//images/Binge-graph-image_Tamil-Nadu-Newsprint-&-Papers-Ltd-202208011853159638592.jpg

Unit – I of TNPL was commissioned in 1985 with an installed capacity of 90,000 TPA of Newsprint and Fine paper. Over the years, the Unit has been equipped with state-of-the-art automation in all three modern high-speed paper machines, producing over 400,000 TPA, making TNPL one of the prominent bagasse-based paper manufacturers across the globe. TNPL aims to manufacture paper and paperboards of top-notch quality and achieve over 1 million tons per annum by the end of 2030. Besides that, we also focus on becoming the number one choice for our customers and provide our products at the most affordable and competitive prices, meet our financial goals and create a culture of safety and sustainability.


Recent Driver

  • With the ban on plastic straws coming into effect from July 1,2022, large FMCG and agro-food companies have removed integrated plastic straws from small tetra packs of fruit juices as well as dairy products, and are shifting to paper-based straws and other alternative sustainable solutions. Stocks of companies related to the paper industry have gained amid a ban on certain Single-Use Plastic (SUP) items that kicked in from starting from July 2022.
  • TNPL appointed Dr M Sai Kumar, I.A.S as an Additional Director and designated him as Chairman & Managing Director with effect from 12 June, 2022
  • TNPL reported a quarterly Net Profit of Rs. 22.44 crores in March 2022, up 670.99% from Rs. 3.93 crores in March 2021 on May 19, 2022.
  • TNPL reported net sales at Rs 1,373.69 crores in March 2022, up 22.18% from Rs. 1,124.32 crores in March 2021 on May 19, 2022.
  • The Board of Directors of TNPL recommended payment of dividend at Rs. 4/- (Rupees Four Only) per equity share of the face value of Rs. 10/- each for the financial year ended March 31,2022.
(Sources: BSE, Business Standard, Moneycontrol)


Technical Force*

  • S&P 200 month till date gain by 1.47%
  • 3 months avg. NSE volume: 351,045
  • Quantity traded: 76,841 | Deliverable Quantity: 29,123 (37.90%)
  • The stock price jumped by more than 100% from a one-year low level: 116.30 (February 2,2022)
  • Daily RSI (14) is at overbaught territory today
  • 52-week-high: 243.15| 52-week-low: 116.30


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

230.87

206.83

164.52

140.48

98.17

74.13

31.82

-

Fibonacci Pivot

206.83

181.49

165.83

155.74

140.48

125.22

115.14

99.48

74.13


Today’s Close

241.60

SMA

BSE

10 DAY

217.12

20 DAY

207.83

50 DAY

189.48

200 DAY

158.07


Some Key Ratios (Source: BSE)

Market Cap: 1,672.13 crores

PE:  116.77

OPM%: 9.19

ROE%:  0.90

Promoters holding%: 35.32

Prev. Close:  220.45


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.