Ruchira Papers, Shreyans and West Coast Paper gain upto 7% on Monday

Ruchira Papers Limited traded on its intraday high of Rs 139.45 per share, up by Rs 9.25 per share or 7.1%.

Feb 27, 2017 03:02 IST India Infoline News Service

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Following Paper stocks are in the limelight on Monday:
 
Ruchira Papers Limited traded on its intraday high of Rs 139.45 per share, up by Rs 9.25 per share or 7.1%. In a recent development, the credit rating of the company has been upgraded from CARE BBB to CARE BBB+ assigned to long term facilities.
 
The stock is just 2.8% away from its 52-week high of Rs 143.40 per share.
 
Shreyans Industries Limited touched its intraday high of Rs 130.45 per share, up by Rs 4.45 per share or 3.53%.
 
West Coast Paper Mills Limited touched its fresh 52-week high of Rs 184 per share, up by Rs 6.35 per share or 3.6%.
 
Nifty is trading lower by 32.45 points at 8907.05 levels, and Sensex is trading lower by 56.78 points or 28836.19 levels.
 
There are 736 advances, 902 declines and 285 unchanged stocks on NSE, reflecting a negative bias floating in the market.
 
Despite negative undertone in the market, above paper stocks have outperformed the major indices in Monday’s trading session.

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