SESHAPAPER

** Shares of Seshasayee Paper and Boards SSHA.NS fall 3.4% to 313 rupees

** The paper maker's consolidated Q2 profit fell ~61% y/y, while rev rose by nearly 10% y/y
** Total expenses rose by 33.7% y/y

** Stock down ~10.6% YTD

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Sept 13 (Reuters) - Seshasayee Paper and Boards Ltd SSHA.NS:

• APPROVED ERODE PROJECT UNDERTAKING FOR 4.05 BILLION RUPEES

• PROJECT APPROVAL SUBJECT TO ENVIRONMENT MINISTRY NOD

Source text for Eikon: ID:nBSEbmjYnG

Further company coverage: SSHA.NS

(Reporting by VijayDattaram Malkar)

(([email protected];))

Aug 19 (Reuters) - Supreme Power Equipment SUPW.NS :

• GETS ORDER WORTH 34.1 MILLION RUPEES FROM SESHASAYEE PAPER AND BOARDS

Source text for Eikon: [ID:]

Further company coverage: SSHA.NS

(Reporting by VijayDattaram Malkar)

(([email protected];))

** Shares of Seshasayee Paper and Boards Ltd SSHA.NS rise as much as 8.2% to 303.65 rupees, hitting their highest since Dec. 20, 2022

** Printing and writing paper maker reports Q4 consolidated net profit from ordinary activities after tax that more than doubled to 1.18 billion rupees ($14.41 million)

** Rev from ops up 21.7%; board recommends dividend payment of 6 rupees per share

** Stock trading above its 50-, 100-, and 200-day moving averages since April 25

** Moving average convergence divergence line above the signal line since April 3, suggesting bullish momentum

** Shares post their sharpest intraday pct gain since March 29

** More than 516,315 shares change hands by 2:38 p.m. IST, 8.7x the 30-day avg of 59,192 shares

** Stock last up 1.9%, extending year to date gains to 2.3%

($1 = 81.8700 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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