News for Star Paper Mills Limited (STARPAPER.BO)

South India Paper Mills is engaged in the manufacture of paper and paper products. It is also engaged in the generation of power. Its products include Kraft liners, Test liners, MG Kraft Paper, MF printing and writing & newsprint.

Adani group companies, HAL, L&T, Dr Reddy’s Lab, Sun Pharma, Power Grid, Zee Entertainment, Vikas Lifecare, Indraprastha Gas, Jaypee Infratech, Jindal Stainless, Allcargo Logistics, Welspun Corp, Star Paper Mills, NBCC India and Lumax Auto

Balkrishna Paper Mills rose 10 per cent to hit a high of Rs 50.75 on BSE. This is in addition to a 20 per cent jump each in the previous two sessions and a 8.42 per cent rise on Monday

The Indian equity markets are marginally bearish today, Nifty stood at 17,498.45 points, falling by 0.15%. However, these 5 below-mentioned paper stocks are soaring this month. In the post-pandemic time, schools, colleges, and offices are opening, and demands for papers are surging now.

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,

Based on the open interest future percentage, here are the 98 stocks including Power Grid Corporation of India, Bata India, Vodafone Idea, Bharat Electronics, and LIC Housing Finance, in which a long build-up was seen.

The hedge fund has sold 6,98,922 equity shares in IIFL Wealth at an average price of Rs 1,714.05 apiece. As of December 2021, the fund's total shareholding in the company was 4.51 percent or 40 lakh equity shares.

In another transaction, Lok Prakashan, the publisher of Gujarat Samachar--a Gujarati newspaper, bought 1,04,871 shares in Star Paper Mills at 172.94 per share.

Read more about Paper stocks rally; JK Paper, TN Newsprint, West Coast surge up to 14% on Business Standard. Paper stocks rallied on expectation that reopening of offices, educational institutions and courts will lead to regularization of demand

Read more about Stocks to Watch: Airtel, Vedanta, IRCTC, Bata, Jindal Steel, RITES, Power on Business Standard. 3i Infotech, ACC, Aurobindo, Berger Paints, DCB Bank, GMR Infra, Indiabulls Housing, NDTV, Nykaa, Petronet, PowerGrid Corp, SAIL and Tata Power to report earnings today.

Considering overbought nature along with narrow market pariticipation, Mazhar Mohammad of Chartviewindia.in advised traders to book profits if index slips below 16,480 levels.

Mazhar Mohammad of Chartviewindia.in said the index has again entered the sideways phase, whose lower end seems to be placed at 15,630 level.