Seshasayee Paper and Boards Shares Jump 10% After Q2 Results, but Technicals Remain Weak: What’s Next for Investors?
- October 26, 2026
- Posted by: Kunal Singla
- Category: News
Seshasayee Paper share price jumped as much as 10.2% to Rs 218.75 on NSE on Monday, 26 Oct 2026, after Q2 FY27 standalone profit after tax nearly doubled to Rs 34.96 crore and revenue rose 45.3% to Rs 502.99 crore. The stock traded near Rs 210.30 around 12:27 PM, up 5.97% from Friday’s close of Rs 198.46. The 10% in the headline is the intraday high and not the midday level.
Quick Answer
Seshasayee Paper shares jumped on Q2 FY27 results because standalone profit rose 96% to Rs 34.96 crore and revenue rose 45.3% to Rs 502.99 crore, helped by higher production and sales volumes. The technical picture is still weak, since the stock trades under its 50-day and 200-day averages with a daily RSI near 29 and a SuperTrend sell signal. What is next depends on whether the stock can hold above Rs 203 and reclaim Rs 228, and on whether input costs stay under control. This is educational and not a recommendation to buy, sell or hold.
The Seshasayee Paper share price had fallen about 15% in under three weeks, from Rs 233.87 on 6 Oct to Rs 198.46 on 23 Oct, and touched a 52-week low of Rs 196.33 on the last day. The Seshasayee Paper Q2 results arrived when the chart was oversold, so the gap up looks partly like a rebound from a low base.
This article covers the day’s move in the Seshasayee Paper share, the Seshasayee Paper Q2 results, the cost and income detail, valuation, technical levels and the risks. It is educational and not advice.
Click Here – Get Free Investment Predictions
Seshasayee Paper Share Price Today: The Move in Numbers
| Seshasayee Paper share: measure (NSE, about 12:27 PM) | Reading |
|---|---|
| Last price | Rs 210.30, up 5.97% |
| Previous close (23 Oct) | Rs 198.46 |
| Open | Rs 218.00, about 9.8% above the previous close (my calculation) |
| Day high and low | Rs 218.75 and Rs 203.26 |
| Day high versus previous close | Up 10.2% (my calculation) |
| Volume | About 4.6 lakh shares |
| 52-week high and low | Rs 293.11 and Rs 196.33 |
| Distance from 52-week high | About 28.3% below (my calculation) |
| Distance from 52-week low | About 7.1% above (my calculation) |
On BSE the Seshasayee Paper share price opened at Rs 219.90, which is about 10.5% above the previous close of Rs 199.05, so the headline’s 10% comes from the opening spike. The stock then gave back about 3.9% from the NSE high by midday (my calculation), and buyers at the open are already behind.
Volume in the Seshasayee Paper share of about 4.6 lakh shares compares with typical sessions of 0.2 to 1.0 lakh shares in October, so interest is high. The Seshasayee Paper and Boards stock is a small-cap with a market capitalisation near Rs 1,255 crore, which means a few large orders can move the price.
Track paper stocks and packaging stocks on the Univest screeners page
Q2 FY27 Results Behind the Seshasayee Paper Share Jump
| Seshasayee Paper Q2 FY27 item (standalone) | Q2 FY27 | Q2 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue from operations | Rs 502.99 crore | Rs 346.25 crore, up 45.3% | Rs 492.00 crore, up 2.2% |
| Total income | Rs 514.85 crore | Rs 359.58 crore | Rs 505.25 crore |
| Profit before tax | Rs 46.76 crore | Rs 24.08 crore, up 94.2% | Rs 45.10 crore |
| Profit after tax | Rs 34.96 crore | Rs 17.80 crore, up 96.4% | Rs 33.59 crore, up 4.1% |
| Earnings per share | Rs 5.80 | Not given | Not given |
The Seshasayee Paper Q2 results table shows growth figures that are my calculations from the reported amounts. On a consolidated basis, Q2 profit was Rs 42.31 crore against Rs 22.41 crore a year ago, up about 89%, and revenue was Rs 503.06 crore against Rs 346.32 crore. For the first half, consolidated profit was Rs 74.22 crore against Rs 37.84 crore, which is nearly double.
The result also shows a sequential picture. Revenue rose only 2.2% and profit 4.1% from Q1, so most of the jump is year-on-year growth, and the quarter-on-quarter pace is modest. The Seshasayee Paper and Boards management attributes the growth to higher production and sales volumes, and the headline notes that rising input costs offset part of the benefit.
Costs and Income Detail Inside the Seshasayee Paper Share Result
| Seshasayee Paper share: Q2 FY27 standalone item | Rs crore | Share of revenue (my calculation) |
|---|---|---|
| Materials consumed | 315.89 | 62.8% |
| Power and fuel | 59.18 | 11.8% |
| Other expenses | 54.49 | 10.8% |
| Employee benefits | 28.89 | 5.7% |
| Depreciation | 11.62 | 2.3% |
| Other income | 11.86 | 2.4% |
| Operating profit proxy (revenue less expenses, before depreciation and finance cost) | 46.86 | 9.3% |
For the Seshasayee Paper share, total expenses rose about 39.5% against revenue growth of about 45.3% (my calculation), so costs grew more slowly than sales, which explains why profit nearly doubled. Raw materials and power and fuel together take about 75% of revenue, so a rise in pulp, wood or coal prices can change the margin quickly.
Other income of Rs 11.86 crore was about 25% of profit before tax (my calculation), so a quarter of the profit comes from sources other than paper sales. The company does not report EBITDA in the filing I found, and the operating profit proxy above is my calculation from the expense lines.
Two corporate items also matter for the Seshasayee Paper share. The company raised its stake in the associate Ponni Sugars (Erode) Limited to 35.78% from 32.40%, which lifts its share of associate profit. It also took possession of the assets of Servalakshmi Paper Limited after approval from the National Company Law Tribunal, though one appeal at the appellate tribunal is still pending.
Valuation and Shareholding of Seshasayee Paper and Boards
| Seshasayee Paper share: valuation (data provider) | Reading |
|---|---|
| Market capitalisation | About Rs 1,255 crore |
| Price to earnings | 12.68 against an industry level of 18.72 |
| Price to book | 0.61 |
| Earnings per share (trailing) | Rs 15.70 |
| Book value per share | Rs 325.75 |
| Return on equity | 4.04% |
| Debt to equity | 0.00 |
| Dividend yield | 0.96% |
At 12.68 times earnings and 0.61 times book value, the Seshasayee Paper share price trades below the industry level and below the value of its assets on paper, and the company has no debt. The low return on equity of 4.04% explains part of the discount, because the company earns little on a large equity base. The latest quarters show profit growing quickly, so trailing numbers may understate current earnings.
Shareholding in Seshasayee Paper and Boards at the end of September 2026 was 43.30% with promoters, 12.37% with foreign institutions, 0.41% with domestic institutions and 43.91% with the public. Foreign holding has slipped from 12.94% in March 2026, while domestic institutions hold almost nothing, so the stock has little institutional support.
Download the Univest iOS App or Univest Android App to track Seshasayee Paper and set price alerts.
Why the Technicals of the Seshasayee Paper Share Remain Weak
| Seshasayee Paper share: indicator (daily) | Reading |
|---|---|
| 14-day RSI | About 29.4, oversold |
| 50-day average | About Rs 228.31, 8.6% above the price (my calculation) |
| 200-day average | About Rs 240.37, 14.3% above the price (my calculation) |
| SuperTrend | Down; upper band Rs 232.68, lower band Rs 177.88 |
| Bollinger bands | Upper Rs 252.97, middle Rs 224.23, lower Rs 195.49 |
| MACD | Minus 8.94 against a signal of minus 6.58, negative |
| Seshasayee Paper share: level | Rs | What it marks |
|---|---|---|
| Resistance 3 | 228.31 | 50-day average |
| Resistance 2 | 224.23 | Bollinger middle band |
| Resistance 1 | 218.75 | Today’s high |
| Support 1 | 203.26 | Today’s low |
| Support 2 | 198.46 | Friday’s close |
| Support 3 | 196.33 | 52-week low (23 Oct 2026) |
The chart of the Seshasayee Paper share explains the headline’s warning. The price sits below both averages and below the SuperTrend upper band at Rs 232.68, and the MACD is negative. The RSI near 29 shows the Seshasayee Paper share is oversold, which is why a result can trigger a sharp bounce. A close above Rs 232.68 would be the first sign of a trend change, and a close below Rs 196.33 would mean a new 52-week low. These are indicator readings and not forecasts.
What Is Next for Seshasayee Paper Share Investors?
| Investor type | Things to weigh | What to check |
|---|---|---|
| Short-term trader | A gap up into resistance with a weak trend | Whether Rs 203 holds and Rs 218 to Rs 228 is reclaimed |
| Long-term investor | Profit nearly doubled, no debt, 0.61 times book value | Whether Q3 keeps volume and margin gains |
| Income investor | Dividend yield of 0.96% | The size of the next dividend |
None of these rows is a recommendation. The next data points for the Seshasayee Paper share are the Q3 numbers, the monthly cost trend for pulp, coal and wood, and any update on the Servalakshmi Paper appeal.
Risks to Check Before You Decide
- Input costs. For the Seshasayee Paper share, materials, power and fuel take about 75% of revenue, so cost inflation can cut margins.
- Trend. The Seshasayee Paper share trend is down, and the gap up faded from Rs 218.75 to Rs 210.30 within hours.
- Legal. One appeal about the Servalakshmi Paper assets is pending.
- Liquidity. For the Seshasayee Paper share, the market capitalisation is about Rs 1,255 crore and institutions hold less than 1%, so prices can move sharply on small volumes.
- Other income. In the Seshasayee Paper share result, about a quarter of profit before tax came from other income, which may not repeat.
Conclusion
The Seshasayee Paper share jumped as much as 10.2% after Q2 profit nearly doubled and revenue rose 45.3%, but the stock trades 28% below its high and the technicals remain weak. The next signals are whether Rs 203 holds, whether Rs 228 is reclaimed and whether Q3 shows the same cost control. Check the facts and decide according to your own risk profile.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Seshasayee Paper shares jump today?
Ans. The stock rose as much as 10.2% on NSE to Rs 218.75 after Q2 FY27 results showed standalone profit after tax nearly doubling to Rs 34.96 crore and revenue rising 45.3% to Rs 502.99 crore. The stock had fallen to a 52-week low of Rs 196.33 on 23 Oct, so part of the move was a rebound.
What are the Seshasayee Paper Q2 results for FY27?
Ans. Standalone revenue from operations was Rs 502.99 crore, profit before tax was Rs 46.76 crore and profit after tax was Rs 34.96 crore. Consolidated profit was Rs 42.31 crore against Rs 22.41 crore a year ago, and half-year consolidated profit was Rs 74.22 crore.
Why are the technicals of Seshasayee Paper still weak?
Ans. The stock trades below its 50-day average near Rs 228.31 and its 200-day average near Rs 240.37. The SuperTrend is on a sell signal with an upper band at Rs 232.68, the MACD is negative and the daily RSI of about 29.4 shows an oversold stock after a long fall.
Is the Seshasayee Paper share price undervalued?
Ans. The data provider shows a trailing price to earnings of 12.68 against an industry level of 18.72 and a price to book of 0.61, with no debt. The return on equity is only 4.04%, so a low multiple does not by itself mean the stock is undervalued. Please compare it with your own return needs.
What are the key levels for the Seshasayee Paper share?
Ans. On daily data, support is near Rs 203.26, Rs 198.46 and the 52-week low of Rs 196.33, and resistance is near Rs 218.75, Rs 224.23 and Rs 228.31. A close above Rs 232.68 would be the first sign of a trend change. These readings are not forecasts.
What risks does the Seshasayee Paper share face after the Q2 results?
Ans. Input costs are the largest, because materials and power and fuel take about 75% of revenue. Other risks are the weak trend, a pending appeal about the Servalakshmi Paper assets, thin institutional holding and the fact that about a quarter of profit before tax came from other income.
Is this Seshasayee Paper share article investment advice?
Ans. No. This article is educational. Prices, ratios and results come from company filings, news reports and data providers and may change. Please check the facts and your own risk profile before you invest.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.
