Share Trading Tips

The stock of the country’s largest paper company has clocked major volumes on the bourses lately. On April 9, the combined volume of Ballarpur shares traded on the BSE and NSE was 24.34 crore, a surge of nearly nine times over the 30-day average volume of 26 lakh shares. The stock was in the news after the management announced plans for an overseas listing of Sabah’s Dutch holding company in the next 12 months. The company owns 80 per cent stake in the Dutch holding company which owns Sabah. The valuation of the holding is a whopping $1.5 billion. It had acquired Sabah Forest Industries, Malaysia’s largest pulp and paper mill, for $261 million in 2006. The company’s management has also expressed its intention to reward its minority shareholders. A DRHP has also been tiled with Sebi to list Avantha Power, in which BILT owns 5 per cent stake.