{"id":111600,"date":"2023-10-11T15:02:32","date_gmt":"2023-10-11T09:32:32","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111600"},"modified":"2023-10-11T15:02:37","modified_gmt":"2023-10-11T09:32:37","slug":"paper-stock-jumps-4-after-it-bags-orders-worth-340-cr-for-supply-of-34000-metric-tonnes-of-paper","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/paper-stock-jumps-4-after-it-bags-orders-worth-340-cr-for-supply-of-34000-metric-tonnes-of-paper\/","title":{"rendered":"Paper stock jumps 4% after it bags orders worth \u20b9 340 Cr\u00a0for supply of 34000 metric tonnes of paper"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3771331576\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>One of the leading paper companies in India gained 4 percent in today\u2019s trade after it bagged multiple orders worth 340 Cr for supply of paper to textbook publishers.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1139573645\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:26 p.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SATIA\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Satia Industries<\/a><\/strong> were trading at Rs. 135.80 a piece up by 4 percent from its previous day close price and the market capitalization of the company is 1,347 Cr.\u00a0<\/p><p>As per the company\u2019s filing, Satia Industries has bagged multiple orders from Text Book Production and Marketing (Bhuvneshwar), M.P. Text Book Corporation (Bhopal), Rajasthan State Textbook Corporation (Jaipur), Maharashtra State Bureau of Textbook Production &amp; Curriculum Research (MSBT) Pune, for supply of paper of 34000 metric tonnes which is worth over 340 Cr, for printing textbooks.&nbsp;<\/p><p>The company\u2019s revenue increased by 111.44 percent from 890.93 Cr in FY22 to 1,883.74 Cr in FY23, accompanied by increasing profits of 100.67 Cr to 192.17 Cr.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1784119392\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company has reported a return on equity (ROE) of 30.07 percent and return on capital employed (ROCE) of 20.58 percent, this indicates that the company is making good return on its equity and is making effective utilisation of the company\u2019s resources.&nbsp;<\/p><p>Satia Industries Limited is one of India\u2019s biggest Wood and Agro-based paper plants that manufacture Paper using Wood Chips, Veneer Waste, Wheat Straw and Sarkanda etc, its products are extensively used in the printing of books, directories, envelopes, diaries, calendars, computer stationery, copy etc.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3772597277\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>One of the leading paper companies in India gained 4 percent in today\u2019s trade after it bagged multiple orders worth 340 Cr for supply of paper to textbook publishers.&nbsp; At 1:26 p.m the shares of Satia Industries were trading at Rs. 135.80 a piece up by 4 percent from its previous day close price and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":106172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13057,10831,13058,10830,948,936,10832],"class_list":["post-111600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-paper-stock","tag-satia-industries-latest-news","tag-satia-industries-latest-orders","tag-satia-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-satia-industries-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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