News for Star Paper Mills Limited (STARPAPER.NS)

Star Paper Mills Ltd informs of fire in stockyard, no human casualties reported; extent of damage being ascertained.

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

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.

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

Shrikant Chouhan of Kotak Securities said the index has formed a double top on the intraday charts, indicating temporary weakness. "For the bulls, the 17,250 and 17,200 levels would be key support. Above the same, the uptrend is likely to continue up to 17,450-17,650 levels," he said.

In all, the momentum indicator has signalled bullish crossovers on 37 stocks — a sign of bullish undertone — hinting at possible upsides in the days ahead.

Stocks In the News: Check out the companies making the biggest headlines before the opening bell.