Paper Stocks fly high

Market are inching higher steadily building on the gains of the first session of the day. Amidst this bright day, here we have 11 paper stocks buzzing on the street and have clocked more than 4% gains today.

Jan 11, 2017 09:01 IST India Infoline News Service

It has been green day from the beginning for the broader markets with metal stocks shining the most. Market are inching higher steadily building on the gains of the first session of the day.
 
Almost all broad market indices are in green. Investors are in a mood to cheer and has been been buying into the market throughout the day.
 
Amidst this bright day, here we have 11 paper stocks buzzing on the street and have clocked more than 4 % gains today.
 
Seshasayee Paper and Boards is up by 4.5% trading at 761, West Coast Paper Mills up about 4.2% trading above 138.5, Shree Rama Newsprint is trading at 40.10 up about 5.67%, Ruchira Papers is up about 5.75% trading at 117.5.
 
Nath Pulp and Paper Mills is trading at 29.5 up about 5.17%, Shreyans Industries is up about 8.7% trading at 114. Stocks like Simplex Papers, Mohit Paper Mills, Pudumjee Industries, Star Paper Mills are locked in upper circuits.

Stock View:
 
Shree Rama Newsprint Ltd is currently trading at Rs 39.85, up by Rs 1.85 or 4.87% from its previous closing of Rs 38 on the BSE.
 
The scrip opened at Rs 41.75 and has touched a high and low of Rs 41.75 and Rs 38.55 respectively. So far 656916(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 449 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 39.25 on 05-Jan-2017 and a 52 week low of Rs 17.95 on 22-Jan-2016. Last one week high and low of the scrip stood at Rs 39.25 and Rs 31 respectively.
 
The promoters holding in the company stood at 74.72 % while Institutions and Non-Institutions held 0.13 % and 25.15 % respectively.
 
The stock is currently trading above its 50 DMA.

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