Mukul agarwal stock which is one of the leading paper manufacturers in India jumped 4 percent after he acquired a fresh 1.51 percent stake in the company consisting of 10 lakh equity shares in the september quarter.
At the day’s closing the shares of west coast paper limited were trading at Rs. 759 per share, up 1.37 percent from its previous day close price and its market capitalization is Rs.
As per the reports, Ace Investor Mukul Agarwal bought 10 lakh shares of the company aggregating to 1.51 percent in the September quarter.
As per latest corporate shareholding data filed, Mukul Agarwal publicly held 54 stocks (including WSTC) with net worth over 37 Billion rupees, at the end september Q2FY24.
The company’s revenue grew 45.69 percent from Rs. 3,377.67 Crores in FY22 to Rs. 4,920.76 Crores, accompanied by increasing profits of Rs. 307.04 Crores to Rs. 941.98 Crores.
It has reported a return on equity (ROE) of 51.02 percent and a return on capital employed (ROCE) of 61.5 percent, it has made very good returns on its equity and capital employed..
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 56.53 percent stake, the Domestic Institutional Investors hold 7.18 percent and the Foreign Institutional Investors (FII) hold 7.38 percent.
West Coast Paper Mills Limited is one of the oldest and the largest producers of paper for printing, writing, and packaging in India.
Written by: Bharath K.S
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