Scripscan:Speciality Papers Ltd
cmp:23
Code:502465
Story:Speciality Papers Limited engages in the manufacture and marketing of various paper and paper products in India. Its products include MG tissue paper, un-coated carbonizing base tissue paper, MG poster paper, MG sulphite paper, interleaving paper, electrical grade kraft paper, insulation grade kraft paper, absorbent kraft paper, packaging mf tissue paper, crepe tissue paper for napkin/ towel/toilet grade, and gift wrapping paper. The company also has operations in the United States, Greece, Germany, Monaco, the United Arab Emirates, Syria, Turkey, Lebanon, Iran, Madagascar, Kenya, Thailand, Indonesia, Malaysia, the Philippines, Sri Lanka, and Bangladesh.Very honestly, I simply dont like these sort of companies.paper and its related aspects as a sector never fascinated me irrespective of the immense potential.As far am concerned I can well buy a loss making company with a great M.D or even the management as the quality of the team can change the fortunes of a concern in a very short time.Speciality Papers recently announced a stock split to fv 1 re from rs 10 and within a week it decided to cancell its splitting plan.These stuff is so ridiculous.I mean its speaks about the fluctuating brains of the promoters.Speciality Papers often comes with announcemnets of bagging fresh orders worth rs several million but the results offlate has been disapointing.I hope and wish the stock price of this company moves up and makes fortunes for its shareholders.What if someones questions me regarding having some shares of the company?"Strict no" is the answer folks.
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