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Saturday, Mar 11, 2006


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Rama Paper in bear spell

While most of the peer group companies are doing well, UP-based small cap Rama Paper Mills Ltd is lying low on account of lower-than-expected earnings growth, dealers said. The share prices have gone down by over 10 per cent over this week to end at Rs 26.70. In an otherwise bullish market on Friday, the company's shares declined by 4.47 per cent from Thursday's close of Rs 27.95. During the third quarter, the company's net profit remained almost flat at Rs 1.5 crore on sales of Rs 20.30 crore.

Rajesh Abraham

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