📉 Sundaram Multi Share Price 12 March 2024 📈
Several companies saw strong gains for their investors last week on Thursday. However, this week started with a slight decline. Sundaram Multi-Pap Limited’s share price was trading at ₹3.12 on Thursday, up by 10.99%. The stock took a knee in the face of selling pressure yesterday.
On February 23, 2024, the company’s shares were trading at a 52-week high of ₹4.18. On Monday, March 11, 2024, the share closed at ₹3, down by 1.64%. On Tuesday, March 12, 2024, the share was trading at ₹2.90, down by 1.69%.
As of December 2023, the promoters of Sundaram Multi-Pap Limited hold 31.09% of the company’s shares, while public investors held 68.91%. There are a total of 13 members in the founder group of the company. Yash Raychand Shah holds approximately 9.94% ownership in the company, or roughly 4,70,98,303 shares.
Recently, CRISIL rating agency gave Sundaram Multi-Pap Limited a BBB rating. The company is primarily involved in the stationary-related business, selling over 5 lakh items daily through a network of 15,000 dealers and distributors.
The company designs paper stationery products for students of all ages, including notebooks, long books, notepads, scrapbooks, drawing books, graph books, as well as office and corporate stationery products. Sundaram Multi also manufactures printing, writing, and packaging paper.
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