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Weakest month of OHT exports since destocking started a year back Weakness in OHT exports from India intensified in Jun’23 and touched their lowest in past 2 years, down 30% YoY to USD 122mn. This was due to continued weak demand, impact of cyclone in Gujarat and deflationary pricing. A week’s production loss from the leader with an average market share of 50%, implies overall exports got hit by ~12.5% -- adjusted for which, it was largely in line with past 6-month average expo...
Add Balkrishna Industries Ltd For Target Rs.2,577 - ICICI Securities
Profitability recovers; volume to remain flat in FY24 Balkrishna Industries’ (BIL) Q1FY24 EBITDAM at 22.7% was up 240bps QoQ, driven by a combination of lower raw material basket (RMB) cost, better product mix, lower freight cost and favourable hedge rate. BIL is confident of improving its global OHT market share from ~6% now to ~10% in 4 years and would do the due capex when needed to scale up. Post inventory destocking at the dealer level in trailing four quarters, inventory is at ...
Add Balkrishna Industries Ltd For Target Rs.2,577 - ICICI Securities
JK Paper is currently trading at Rs. 327.85, up by 14.60 points or 4.66% from its previous closing of Rs. 313.25 on the BSE. The scrip opened at Rs. 326.20 and has touched a high and low of Rs. 336.35 and Rs. 322.55 respectively. So far 27166 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 452.50 on 21-Dec-2022 and a 52 week low of Rs. 306.60 on 10-Jul-2023. Last one week high and low of the scrip stood at Rs. ...
JK Paper shines on reporting 18% rise in Q1 consolidated net profit
Indian OHT exports improved sequentially by ~3% in May’23, though were down ~10% YoY. We believe industry would witness steep cuts YoY in Jun-Jul’23 on elevated base, post which the base would turn favourable along with inventory levels of distributors coming down to desirable levels of ~50-60 days by then. Inventory levels have already reduced from ~100 days to ~70 days currently over the past three quarters, with retails being higher than wholesales. Agri segment exports continu...
Add Balkrishna Industries Ltd For Target Rs.2,577 - ICICI Securities
Demand recovery in 2HFY24; EBITDA margin target of 26-28% We visited Balkrishna Industries’s (BIL) Bhuj plant, which is the largest single location off-highway tyre plant in the world. Built on over 450 acres of land, the plant has 200k ton capacity (of BIL’s total 360k ton), along with 200k-ton carbon black capacity and captive power generation. It has scope to further expand the capacity by another 100k-150k ton and to be the key driver in helping BIL gain 10% global market s...
Neutral Balkrishna Industries Ltd For Target Rs.2,240 - Motilal Oswal Financial Services Ltd
A quarter of consolidation is still left Post stocking up of inventory at distributor level in end markets between March and July CY22, India OHT exports have consolidated since August, facilitating de-stocking amidst steady retail demand. Size of OHT exports bottomed out in Oct’22 at ~US$130mn vs Mar-Jul’22 average exports of ~US$170mn and is now exporting ~US$140mn, in line with the average of past six months, implying stability and consolidation. We expect favourable base fo...
Add Balkrishna Industries Ltd For Target Rs.2,577 - ICICI Securities
Seshasayee Paper is currently trading at Rs. 280.80, up by 2.80 points or 1.01% from its previous closing of Rs. 278.00 on the BSE. The scrip opened at Rs. 276.75 and has touched a high and low of Rs. 282.40 and Rs. 276.55 respectively. So far 1299 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 349.00 on 31-Oct-2022 and a 52 week low of Rs. 160.00 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Seshasayee Paper rises on getting nod to secure environmental clearances for expansion.
Beat in earnings amid gradual overall recovery Balkrishna Industries’ (BIL) Q4FY23 EBITDA margin at 20.3% was in line with our estimate and up 420bps QoQ, driven by gradual decline in the cost of consumed raw material basket (RMB) and relatively lower-priced freight contracts. BIL is aiming at 200-300bps EBITDAM improvement in FY24 over current levels –on the back of lower RMB cost, better hedge rate and further normalisation of logistics cost. Post a couple of quarte...
Add Balkrishna Industries Ltd For Target Rs.2,468 - ICICI Securities
BENGALURU- India's JK Paper Ltd reported a roughly 65% rise in fourth-quarter profit on Tuesday, helped by higher prices for its papers and packaging boards and as some input costs eased. The company's consolidated net profit after tax climbed to 2.80 billion rupees ($34.2 million) in the quarter ended March 31, from 1.70 billion rupees a year earlier. JK Paper and other paper companies have benefited from rising demand from offices as work-from-office slowly reverts to the norm...
India's JK Paper posts profit rises on strong demand
Channel inventory de-stocking to continue in 4QFY23E * Balkrishna Industries (BIL)’s 3QFY23 performance was hit by high channel inventory and lower realizations due to reduced surcharge to the end customers. Consequently, EBITDA margin came in lower at 19.1% (v/s est. 20%). Moreover, unrealized Fx loss of INR1.66b further impacted 3Q financials. * We cut our FY23E/FY24E EPS by 26%/4%, respectively, to factor in the lower realizations and FX loss impact. Maintain Neutral with a TP ...
Neutral Balkrishna Industries Ltd For Target Rs.2,035 - Motilal Oswal Financial Services
India’s OHT exports on gradual recovery path Post stocking up of off-highway tyre (OHT) inventory at distributor level in endmarkets between Mar-Jul’22, India’s OHT exports from Aug’22 were muted as a result of destocking amid improving container availability. OHT exports from the country bottomed out in Oct’22 at ~US$130mn vs Mar-Jul’22 average of ~US$170mn and recovered to a 5-month high of US$152mn in Dec’22. For Balkrishna Industries (BIL), as ...
Buy Balkrishna Industries Ltd For Target Rs.2,650 - ICICI Securities
Margin pressure to ease; portfolio attributes intact… About the stock: Balkrishna Industries (BIL) is the leader in the niche tyre segment used in heavy machinery for mining and agriculture purposes * Exports form a lion’s share of its sales at ~80% of its revenues * Channel mix: replacement accounts for ~70% with OEM share pegged at ~26%. Agriculture accounts for ~64% of volumes with OTR share at ~32% * It has consistently operated with high (>20%) margins & r...
Buy Balkrishna Industries Ltd For Target Rs.2,650 - ICICI Direct
Beat across major operational parameters Balkrishna Industries’ (BIL) Q2FY23 EBITDA margin at 20.1% was in-line and flat QoQ, with gross margin decline of 225bps QoQ getting balanced by lower other expenses (down 200bps QoQ). Improved product mix (higher share of larger diameter tyres), favourable currency movement, higher freight rates and higher contribution of North America sales, have led to historically high ASP at Rs356 (up 9% QoQ). As against 320kMT FY23E volume outlook till H...
Buy Balkrishna Industries Ltd For Target Rs.2,479 - ICICI Securities
Buy JKPAPER @423.5 and add upto 414, with a target of 453-460 and a stop loss at 399 JKPAPER has formed an ascending triangle andis about to break out.This formation has been taking place for the last four months, with lower highs and higher lows along the way. JKPAPERis expected to break out between 420 and 425 levels, JKPAPER has taken a trendline support and has broken out critical resistance levels with good volume spike on the daily chart, Price has managed to rise above movin...
Buy JK Paper Ltd For Target Rs. 460 - Choice Broking
Better realizations drive revenue beat Uncertainty in the EU leads to retraction of volume guidance * BIL’s 2QFY23 performance was led by strong ASPs driving revenue and profits. However, due to geopolitical tensions the outlook for BIL’s biggest market – Europe – has turned uncertain leading to retraction of volume guidance by the management. Though, margin visibility has improved. * We raise our FY23E EPS by 3% to factor in ASP strength, but maintain our FY2...
Neutral Balkrishna Industries Ltd For Target Rs.2,075 - Motilal Oswal Financial Services
Lowering estimates due to geopolitical tensions; maintaining a Buy Despite recent geo-political and macro-economic tensions, we are still positive about Balkrishna Industries. Given the headwinds, Q2 volumes were reasonable. The ASP rose sharply on the product mix for the US and currency fluctuations. Capacity expansion plans have been revised and added capacity would be available by H1 FY24. We maintain a Buy, at a lower TP of Rs2,326 (30x FY25e). Exports to Europe facing continuous he...
Balkrishna Industries Ltd : Lowering estimates due to geopolitical tensions; maintaining a Buy - Anand Rathi Shares and Stock Brokers
JK Paper is currently trading at Rs. 415.00, up by 5.10 points or 1.24% from its previous closing of Rs. 409.90 on the BSE. The scrip opened at Rs. 412.00 and has touched a high and low of Rs. 419.00 and Rs. 409.45 respectively. So far 88510 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.95 on 17-Aug-2022 and a 52 week low of Rs. 192.00 on 20-Dec-2021. Last one week high and low of the scrip stood at Rs. 4...
JK Paper rise on reporting 24% rise in Q2 consolidated net profit
Seshasayee Paper and Boards is currently trading at Rs. 299.90, up by 13.25 points or 4.62% from its previous closing of Rs. 286.65 on the BSE. The scrip opened at Rs. 290.55 and has touched a high and low of Rs. 302.95 and Rs. 288.70 respectively. So far 38009 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 307.90 on 05-Sep-2022 and a 52 week low of Rs. 133.95 on 25-Feb-2022. Last one week high and low of the s...
Seshasayee Paper and Boards shines on emerging as successful bidder for acquisition of assets
Company Background & Product Highlights PCBL (formerly Phillips Carbon Black Ltd.), incorporated in 1960 in collaboration with Phillips Petroleum Company, is a part of RP-Sanjiv Goenka Group. It is the largest manufacturer of carbon black (CB) in India (~10% market share in Asia-ex China) and seventh largest in the world, having an aggregate installed capacity of 6,03,000 MTPA and co-generation power capacity of 91 MW spread over four locations viz. Durgapur (W.B.), Palej and Mundra (G...
Buy Phillips Carbon Black Ltd For Target Rs. 157 - SKP Securities Ltd
The company reported standalone net profit during the quarter stood at Rs 44.59 crore compared to net loss of Rs 0.71 crore in the previous year quarter. Net revenue of the company rose triple digit by 132.52 per cent at Rs 115.98 crore in April-June quarter of this fiscal as against Rs 49.88 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 136.31 per cent to Rs 109.98 crore from Rs 46.54 crore in year ago period. Other Income grew by 161...
Magnum Ventures posts Q1 net profit of Rs 44.59 cr
The company reported standalone net profit of Rs 204.84 crore for the quarter ended June 30, 2022 as compared to Rs 97.71 crore in the same period last year, registering a year-on-year growth of 109.64 per cent. Net revenue of the company rose triple digit by 117.25 per cent at Rs 1,437.12 crore in April-June quarter of this fiscal as against Rs 661.52 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 123.76 per cent to Rs 1,070.56 cror...
JK Paper Q1 net profit zooms 109.64% at Rs 204.84 cr
The company reported standalone net loss during the quarter stood at Rs 38.85 crore as compared to net loss of Rs 5.45 crore in the previous year quarter. Net revenue of the company rose substantially by 85.90 per cent at Rs 274.24 crore in April-June quarter of this fiscal as against Rs 147.52 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 61.65 per cent to Rs 213.42 crore from Rs 132.03 crore in year ago period. Other Income dipped...
Kuantum Papers posts Q1 net loss of Rs 38.85 cr
Sumitomo Chemical India Ltd * The stock after a brief consolidation has witnessed a fresh breakout on the daily chart with volumesindicating strong momentum in the near term. * The stock is trading well above its short term moving averages which confirms the strength in the stock. * The RSI indicator on the weekly chart has given a positive crossover which confirms the change in trend. Buy JK Paper Ltd @ Rs. 309 Stop Loss Below Rs. 295 CB Target Rs. 325/340...
LKP Spade : A Weekly Pick - Buy JK Paper Ltd For Target Rs.340 By LKP Securities
Genus Paper & Boards is currently trading at its upper limit of Rs. 17.20, up by 0.80 points or 4.88% from its previous closing of Rs. 16.40 on the BSE. The scrip opened at Rs. 16.90 and has touched a high and low of Rs. 17.20 and Rs. 16.50 respectively. So far 60374 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 26.50 on 26-Apr-2022 and a 52 week low of Rs. 8.90 on 24-Aug-2021. Last one week high and low o...
Genus Paper & Boards touches roof on commencing commercial production of Kraft Paper Machine line
Astron Paper & Board Mill is currently trading at Rs. 40.70, down by 1.95 points or 4.57% from its previous closing of Rs. 42.65 on the BSE. The scrip opened at Rs. 41.15 and has touched a high and low of Rs. 42.85 and Rs. 40.35 respectively. So far 3031 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.40 on 16-Jul-2021 and a 52 week low of Rs. 32.30 on 04-Mar-2022. Last one week high and low of the scrip...
Astron Paper & Board Mill tumbles on reporting 95% fall in Q4 consolidated net profit
The company reported standalone net profit of Rs 15.53 crore for the quarter ended March 31, 2022 as compared to Rs 15.16 crore in the same period last year, registering a year-on-year growth of 2.44 per cent. Net revenue of the company rose substantially by 32.40 per cent at Rs 177.79 crore in January-March quarter of this fiscal as against Rs 134.28 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 35.03 per cent to Rs 169.71 crore fr...
Chadha Papers Q4 net profit up 2.44% at Rs 15.53 cr
The company reported standalone net profit of Rs 16.12 crore for the quarter ended March 31, 2022 as compared to Rs 9.87 crore in the same period last year, registering a year-on-year growth of 63.32 per cent. Net revenue of the company rose substantially by 34.81 per cent at Rs 190.54 crore in January-March quarter of this fiscal as against Rs 141.34 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 32.04 per cent to Rs 164.43 crore fr...
Ruchira Papers Q4 net profit jumps 63.32% at Rs 16.12 cr
The Union Ministry of Commerce & Industry has said that the import policy of major paper products has been amended from 'free' to 'free subject to compulsory registration under Paper Import Monitoring System'. Directorate General of Foreign Trade (DGFT) issued a notification to this effect on May 25. The Ministry stated this order shall be applicable on a range of paper products, such as newsprint, handmade paper, wallpaper base, duplicating paper, coated paper, uncoated p...
Import of paper to be brought under compulsory registration: Commerce Ministry
The company reported standalone net profit during the quarter stood at Rs 22.44 crore compared to net loss of Rs 3.93 crore in the previous year quarter. Net revenue of the company rose substantially by 20.68 per cent at Rs 1,356.82 crore in January-March quarter of this fiscal as against Rs 1,124.32 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 21.21 per cent to Rs 1,261.92 crore from Rs 1,041.14 crore in year ago period. Other ...
Tamil Nadu Newsprint and Papers posts Q4 net profit of Rs 22.44 cr
The Indian Paper Manufacturers Association (IPMA) has said paper consumption in India may witness 6 to 7 per cent annual growth and will reach 30 million tonnes by FY2026-27. IPMA said the emphasis on education and literacy coupled with growth in organised retail and demand for better quality paper are the major drivers of growth. Further, it stated the paper Industry holds immense potential for growth in India as the per capita consumption globally is one of the lowest. It mentioned that ...
Paper consumption in India likely to touch 30 million tonnes by FY27: IPMA
Carbon black on the cusp of an upcycle? PCBL’s Q4FY22 EBITDA disappointed on higher other expenses, but gross profit/kg improved QoQ which is good. PCBL’s management sounded bullish on the carbon black cycle with favourable demand supply, and anticipates an upside risk to both volumes and spreads in the coming period. It sees 10ktpa incremental volumes in specialty; post Chennai plant commissioning, it anticipates overall incremental volume growth of >50ktpa. It also sees th...
Buy Phillips Carbon Black Ltd For Target Rs.170 - ICICI Securities
Industry export trends remain robust Balkrishna Industries’ (BIL) key export markets reported strong demand trends with Feb’22 industry exports up 20% YoY. Though the data indicates continued momentum in OTR segment (up 20% YoY) and sturdy agri demand at ~20% YoY, overall sales are flattish QoQ, in line with management commentary of lower supply due to capacity constraints. Data continues to support the robust demand momentum driven by both agri and OTR segments (FY22-YTD indus...
Buy Balkrishna Industries Ltd For Target Rs.2,516 - ICICI Securities
On well charted growth path, healthy gains ahead… About the stock: PCBL Ltd (erstwhile Phillips Carbon Black) is the leading manufacturer of carbon black, which is used as a reinforcement material in tyres PCBL also derives ~8% of sales volume from speciality carbon black, which fetches high margins and finds application in paints, plastics among others It has a healthy margin profile (15%+), a capital efficient business model (RoCE>15%) with limited leverage on b/s (~0.3x ...
Buy Phillips Carbon Black Ltd For Target Rs.160 - ICICI Direct
Shares of West Coast Paper rose sharply on Tuesday riding on a positive outlook for the paper industry. "Paper stocks have seen good accumulation this week as almost all players have raised prices and traditionally the fourth quarter is always the best quarter more so this time around in view of the opening up Theme gaining momentum," said S. Ranganathan, Head of Research at LKP Securities. Despite the absence of boards in its offerings, West Coast Paper has large capacities a...
Shares of West Coast Paper up over 3% on firm outlook, JK Paper up 34%
Margin pressure to ease; portfolio attributes intact… About the stock: Balkrishna Industries (BIL) is the leader in the niche tyre segment used in heavy machinery for mining and agriculture purposes Exports form a lion’s share of its sales at ~80% of its revenues Channel mix: replacement accounts for ~70% with OEM share pegged at ~26%. Agriculture accounts for ~64% of volumes with OTR share at ~32% It has consistently operated with high (>20%) margins & return ...
Buy Balkrishna Industries Ltd For Target Rs.2,650 - ICICI Direct
Company Background Orient Paper and Industries Limited (Orient Paper), a part of C K Birla Group, is India’s largest manufacturer and exporter of tissue paper with ~17% domestic market share. Its integrated manufacturing facility is located at Amlai in Madhya Pradesh (MP) having a total installed paper capacity of 100,000 MTPA viz. 50,000 MTPA each of Tissue and Writing & Printing Paper (W&P). It also has 72,500 MTPA of pulp capacity and a 55 MW captive power plant. It also h...
Buy Orient Paper & Industries Ltd For Target Rs.42 - SKP Securities
Below our estimate; margin hit by higher RM and other costs Capacity constraints to restrict volumes over the next three quarters * BIL’s 3QFY22 performance was affected by high RM costs, thus affecting margin. Volumes over the next three quarters will be around current levels as it is operating near full capacity. * We reduce our FY22E/FY23E EPS by 8%/7% to account for higher RM costs and weak domestic volumes. We maintain our Neutral rating. Higher RM costs,...
Neutral Balkrishna Industries Ltd For Target Rs.2,320 - Motilal Oswal
Company Background & Product Highlights PCBL (formerly Phillips Carbon Black Ltd.), incorporated in 1960 in collaboration with Phillips Petroleum Company, is a part of RP-Sanjiv Goenka Group. It is the largest manufacturer of carbon black (CB) in India (~10% market share in Asia-ex China) and seventh largest in the world, having an aggregate installed capacity of 6,03,000 MTPA and co-generation power capacity of 84 MW spread over four locations viz. Durgapur (W.B.), Palej and Mundra (G...
Buy Phillips Carbon Black Ltd For Target Rs.361 - SKP Securities
JK Paper is currently trading at Rs. 241.60, up by 6.45 points or 2.74% from its previous closing of Rs. 235.15 on the BSE. The scrip opened at Rs. 245.00 and has touched a high and low of Rs. 245.00 and Rs. 239.10 respectively. So far 51045 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 284.80 on 09-Aug-2021 and a 52 week low of Rs. 124.25 on 22-Apr-2021. Last one week high and low of the scrip stood at Rs. 2...
JK Paper soars on getting nod to raise Rs 100 crore via NCDs
Recalibrated + re-innovated + structural tailwinds We initiate coverage on PCBL with a BUY rating and target price of Rs300, valuing the stock at 12x FY24E PE. PCBL has recalibrated after challenging times till FY14. It is strengthening its business model; re-innovated with an emphasis on R&D, and is seeing structural tailwind from reduced China concern. PCBL is adding greenfield capacity after a decade, which shows growing management confidence in the business. It has introduced speci...
Buy Phillips Carbon Black Ltd For Target Rs.300 - ICICI Securities
Technical Observations * The stock has registered a resolute breakout above bullish inverse head & shoulder pattern supported by strong volume signaling resumption of up move and offers fresh entry opportunity * The base of the last two months consolidation is placed at the 200 days EMA (currently placed at | 222) signaling a overall positive price structure * Going ahead we expect the stock to extent its up move and head higher towards | 264 levels being the 80% retracement...
Stock Picks - Buy Phillips Carbon Black Ltd For Target Rs.264 - ICICI Direct
Strong growth outlook remains the key Balkrishna Industries’ (BIL) Q2FY22 operating performance missed consensus estimates with EBITDA margin down 690bps YoY to 27.1% as gross margin declined 519bps despite strong volume growth (2-year CAGR: 19%). This was largely due to higher freight cost while RM cost inflation was largely passed on to customers. However, management has raised volume guidance (8-10%) to 275k285k MT for FY22 and also accelerated plans for capacity augmentation. The...
Buy Balkrishna Industries Ltd For Target Rs.2,831 - ICICI Securities
In a classic example of a penny stock transforming into a multibagger one, the shares of Simplex Papers have delivered over 6,700 per cent returns till now in 2021. Till late 2020, the company's shares were priced below Re 1. Shares of the company hit a 52-week high of Rs 63 per share on Thursday. It also hit the five per cent upper circuit during the day's trade. Stock prices ranging in single digit are known as penny stocks, and they typically have high volatility ...
Penny to Multibagger: Simplex Papers' stocks deliver 6,700% returns in 2021
Company Background The West Coast Paper Mills Ltd (WCPL), promoted by Mr S.K. Bangur, CMD, is amongst India’s leading manufacturer of paper & paper products at its integrated paper plant at Dandeli in Karnataka with an installed capacity of 330,000 TPA. Product portfolio includes various types of printing, writing and value-added papers. Its telecommunication cables business contributes ~8% to revenue. During FY20, WCPL acquired Andhra Paper Ltd (APL) (erstwhile International Pap...
Buy The West Coast Paper Mills Ltd For Target Rs.429 - SKP Securities
Industry export trends remain robust Balkrishna Industries’ (BIL) key export markets reported strong demand trends with Sep’21 industry exports up 31% YoY. Latest data (Sep’21) indicates continued momentum in OTR segment (up 32% YoY) even as agri (Ag) demand growth remained sturdy at ~31% YoY. Data continues to support the robust demand momentum driven by both Ag and OTR segments: FY22-YTD industry exports are up ~60% YoY on US$ basis. Regionally, growth in Sep’21 w...
Hold Balkrishna Industries Ltd For Target Rs.2,837 - ICICI Securities
Industry export trends remain solid Balkrishna Industries’ (BIL) key export markets reported strong demand trends with Aug’21 industry exports up 33% YoY. The latest data (Aug’21) indicates continued momentum in OTR segment (up 33% YoY) even as agri (Ag) demand growth remained sturdy at ~33% YoY. Data continues to support the robust demand momentum driven by both Ag and OTR segments: FY22-YTD industry exports are up ~69% YoY on USD basis. Regionally, growth in Aug&rsqu...
Add Balkrishna Industries Ltd For Target Rs.2,837 - ICICI Securities
Technical Observations * Paper stocks are seen resuming fresh up move after last two months breather. JK Paper is our preferred pick among the paper stocks. * The share price of JK Paper is seen resuming up move after a bullish double bottom like formation in the daily chart around the 50 days EMA (currently at | 233) signalling strength and offers fresh entry opportunity * The stock on Tuesday session has registered a breakout above the falling supply line joining the highs of ...
Stock Picks - Buy JK Paper Ltd For Target Rs. 264 - ICICI Direct
Shree Rama Newsprint is currently trading at Rs. 18.50, up by 0.35 points or 1.93% from its previous closing of Rs. 18.15 on the BSE. The scrip opened at Rs. 18.30 and has touched a high and low of Rs. 18.80 and Rs. 17.75 respectively. So far 9232 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.60 on 02-Aug-2021 and a 52 week low of Rs. 11.85 on 14-Nov-2020. Last one week high and low of the scrip stood at R...
Shree Rama Newsprint surges on bagging order from Gujarat State Board of school text books
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