Paper stocks in limelight; Shreyans gains 7.58%

Following are the top three paper stocks to watch out for in Friday’s trading session.

Jan 27, 2017 05:01 IST India Infoline News Service

The day, January 27 started with strong market positions, wherein the Nifty opened firmly above the crucial level of 8600; and all the indexes are trading in green on NSE.
 
Strong positive bias is being witnessed in Friday's trading session.
 
Following are the top three paper stocks to watch out for in Friday’s trading session.
 
Superb Papers Limited touched a high of Rs 53 per share, gaining Rs 2.20 per share or 4.33%, and the stock witnessed spurt in volume by more than 6.35 times.
 
Rainbow Papers breached upper circuit of Rs 5.12 per share, gaining 0.24 paise or 4.91%.
 
Shreyans Industries Limited has touched a high of Rs 119.90 per share, up by Rs 8.45 per share or 7.58%.
 
Stock View:
 
Shreyans Industries Ltd is currently trading at Rs 116.1, up by Rs 4.65 or 4.17% from its previous closing of Rs 111.45 on the BSE.
 
The scrip opened at Rs 111 and has touched a high and low of Rs 119.9 and Rs 110.1 respectively. So far 17103(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 154.02 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 123.9 on 12-Jan-2017 and a 52 week low of Rs 23.55 on 23-Mar-2016. Last one week high and low of the scrip stood at Rs 123 and Rs 109.3 respectively.
 
The promoters holding in the company stood at 47.26 % while Institutions and Non-Institutions held 0.04 % and 52.7 % respectively.
 
The stock is currently trading above its 50 DMA.

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