Paper Products has hit a new 52-week high today at Rs.83.50, with volumes spurting up over 14 times.

The stock hit a high on the back of its very good performance for Q3FY14. It posted a 66% jump (YoY) in consolidated net profit at Rs.17 crore on a 22% rise in net sales at Rs.279 crore. The jump in the profit was mainly on account of Rs.7 crore gains it made on sale of office property in Mumbai.