Sundaram Multi Pap Ltd changes banking partner, reducing interest & re-payment outflow of the company

Sundaram Multi Pap limited a BSE-NSE listed company of repute, has successfully changed its banking partner. Under the new banking facilitates, there will be an increase in cash flows due to lower debt repayment and lower interest costs.

The company also aims to have a very good financial year due to the impact of covid19 pandemic reducing and schools opening up from the academic year June 2022. With colleges and schools opening up, the sales of paper stationery products are set to grow at an all-time high, in turn helping the company's growth.

The company has also launched a set of premium quality products, on leading market places and its own online store, covering pan India online market.

Shares of Sundaram Multi Pap Limited was last trading in BSE at Rs. 2.58 as compared to the previous close of Rs. 2.76. The total number of shares traded during the day was 182220 in over 229 trades.

The stock hit an intraday high of Rs. 2.83 and intraday low of 2.51. The net turnover during the day was Rs. 480655.00.

Source : Equity Bulls

Keywords

SundaramMultiPap INE108E01023 BankingPartner DebtRepayment LowerInterestCost