West Coast Paper Mills Ltd up by 6.25%: Traders Market Update | Espresso

EspressoLogy

Espresso Shot of the Day - West Coast Paper Mills Ltd up by 6.25 percent

August 24, 2022
Espresso Shot of the Day - West Coast Paper Mills Ltd up by 6.25 percent

WEST COAST PAPER MILLS LTD 625.20 (+6.25%)  BSE –INE976A01021| 24th August 2022

https://www.myespresso.com/images/Binge-graph-image_West-Coast-Paper-Mills-Ltd-202208241834307334890.jpg

WCPM enjoys a pedigree of standing over the past 50 years. The company's vision is to constantly upgrade its products and technology to offer customized products of uniform quality. The "wood to paper" process mastery and product research have enabled the mill to produce a wide portfolio of woodfree papers and boards of highest quality.WCPM is one of the pioneers in India and Asia for using advanced technology in paper production. WCPM has constantly been upgrading its technology to offer customized products of uniform quality. The "wood to paper" process mastery and product research have enabled the mill to produce a wide portfolio of woodfree papers.


Recent Driver

  • West coast paper mills reported on August 13,2022 a Quarterly Net Profit of Rs. 185.34 crores in June 2022, up 480.25% from Rs. 31.94 crores in June 2021
  • West coast paper mills reported Net Sales of Rs 1,114.15 crores in June 2022, up 107.24% from Rs. 537.60 crores in June 2021.
  • West Coast Paper Mills (WCPM ) said on June 10,2022, that India Ratings and Research has revised its outlook on the company to 'positive' from 'stable' while affirming the long term issuer rating at 'IND AA-'.
  • The company recommended a dividend of Rs.6/- (300%) per Equity share of Rs. 2/- each for the Financial Year ended 31st March, 2022, subject to the approval of Shareholders at the ensuing Annual General Meeting of the Company on May 26,2022.


(Sources: BSE, Moneycontrol,Business Standard,Business Line)


Technical Force*

  • S&P Bse smallcap month till date gain by 4.47%.
  • 3 months avg. NSE volume: 445,824
  • Quantity traded: 74,686 | Deliverable Quantity: 41,085 (55.01 %)
  • The stock price jumped by more than 170 % from a one-year low level: 215 (February 24 ,2022)
  • Daily RSI (14) is at overbaught territory today.
  • 52-week-high: 630| 52-week-low: 215


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

414.38

354.87

294.98

235.47

175.58

116.07

56.18

-

Fibonacci Pivot

354.87

309.26

281.08

262.93

235.47

208.00

189.86

161.68

116.07


Today’s Close

625.20

SMA

BSE

10 DAY

554.65

20 DAY

505.54

50 DAY

403.16

200 DAY

314.64


Some Key Ratios (Source: BSE)

Market Cap: 4,129.38 crores

PE: 12.55

OPM%: 30.13

ROE%:  21.82

Promoters holding%: 56.48

Prev. Close:  588.40


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

Chart and Technical Force data from the Binge desktop app

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time

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.