News for Orient Paper & Industries Limited (ORIENTPPR.BO)

Q3 Results 2024: Nearly 272 companies are scheduled to release their quarterly financial announcements on February 8, including Zomato Ltd, Biocon Ltd, Thermax Ltd, Apollo Hospital Enterprises Ltd, and more.

BSE's Sensex added 33.21 points, or 0.05 per cent, to end at 64,975.61. NSE's Nifty50 gained 36.80 .05 points, or 0.19 per cent, to end the day at 19,443.50 for the day

BSE Sensex gained 110.09 points, or 0.17 per cent, to settle at 64,996.60, while NSE's Nifty rose 40.25 points, or 0.21 per cent, to end at 19,306.05 for the day.

Top stock picks for today: "The stock is consolidating near its 52-week high (Rs 5,278.50) for the last 7-8 months. This kind of relative strength indicates that even when the broader indices and the IT as a sector were seeing profit booking, Persistant showed stability," Ashish Chaturmohta told BT TV on Friday.

A total of 4 leading stocks are set to go ex-dividend tomorrow. Ex-dividend day is the date when the stock goes ex-dividend which implies that the stock does not carry the value of its next dividend payment. The ex-dividend date holds great significance for an investor as it gets finalized at the date on which the shareholder will obtain the declared dividend payment.

Stocks of companies related to paper industry have gained amid a ban on certain Single-Use Plastic (SUP) items that kicked in from Friday. Over the past one month, some of the paper manufacturers, including Seshasayee Paper,

Since June 30, shares of Seshasayee Paper and Boards jumped 7%, Andhra Paper gained 6.2%, Tamil Nadu Newsprint & Papers climbed 4.62% and Satia Industries advanced 4.62% on the BSE

Indian benchmark indices extended losses on Tuesday, tracking subdued sentiment overseas. The BSE Sensex fell 700 points, while the NSE Nifty 50 slipped below 16,400. Sectorally, consumer durables, financials, auto, realty, and banks led losses on the Nifty, down up to 2 per cent.

Read more about Paper stocks in demand; JK Paper, Seshasayee Paper surge up 14% on Business Standard. Paper stocks rallied on expectation of strong earnings supported by robust growth in the packaging board segment and continued demand in the writing and printing paper segment.

Shrikant Chouhan of Kotak Securities says the intraday structure suggests that 17,850 could be the trend decider level for the bulls.