Page 5 - Orient Paper News Today

An amount of Rs 1 lakh invested in the microcap stock a year ago would have turned into Rs 65.06 lakh today.

Shares of Emami Paper Mills soared 20 per cent to 209.35, before trading at Rs 201.4. Similarly, NR Agarwal Industries, Orient Paper and Pudumjee Paper Produces gained between 11-15 per cent to Rs 361, Rs 33.70 and Rs 47.30, respectively.

Shares of paper manufactures were on a roll with most of the frontline stocks trading up to 15 per cent higher, and many of them quoting at their respective 52-week highs levels in intra-day trade on Wednesday on demand revival. Star Paper Mills (up 15 per cent at Rs 178), Orient Paper & Industries (up 13 per cent at Rs 33.30) and Seshasayee Paper & Boards (up 12 per cent at Rs 222.80) rallied over 10 per cent on the BSE. Astron Paper & Board Mill, JK Paper, Andhra Paper, Tamil Nadu Newsprint &...

Ahead of Market: 12 things that will decide stock action on Thursday SECTIONS Share Synopsis Sensex slipped below the 52,000 mark, while Nifty ended below the crucial 15,550 level. Nifty traded in a wide range of 233 points in a volatile session and formed a bearish candle on the daily chart. Related NEW DELHI: Domestic equity indices opened in the green on Wednesday, but erased all gains in the afternoon session amid selling pressure across sectors. Sensex slipped below the 52,000 mark, while...

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

A year before Carson Block launched Muddy Waters Capital, his hedge fund firm, he started trying to line up a prime broker — an investment bank that could lend him stocks so he could then sell them short. But the task was proving arduous. The problem, he believes: Block had made his name calling out China frauds, and Wall Street loved China. After several bulge-bracket banks turned him down, Block decided to try his luck with Jefferies Financial Group, a scrappy up-and-comer known for its tra...

Mumbai: Paper stocks outshone in a choppy market on Tuesday following the government’s draft regulation under which there can be a ban on single-use plastic for candy and ice cream sticks as well as film wraps around sweet boxes and cigarette packets. Astron Paper & Board Mill, West Coast Paper Mills, Tamil Nadu Newsprint, Star Paper Mills, Orient Paper and Industries and Emami Paper ended up 4-20 per cent. Malu Paper Mills gained 5.2 per cent and Seshasayee Paper & Boards gained 3.6 per cent...

Shares of paper manufacturers were in demand for the second straight session on Tuesday and rallied up to 20 per cent on the BSE in intra-day trade following the governments draft regulation under which there can be a ban on single-use plastic for candy and ice cream sticks, film wraps around sweet boxes and cigarette packets, etc. Emami Paper was locked in the upper circuit of 20 per cent at Rs 116.55 on the BSE. A combined 475,000 equity shares had changing hands on the counter so far and t...

NEW DELHI: Nifty traded with cuts on Monday as the headline index closed below the crucial 15,000 levels and formed a bearish Hammer-like pattern with a long lower shadow. Rohit Singre, Senior Technical Analyst at LKP Securities said, "Going forward, 14,750 will act as an immediate and strong support. If it manages to hold that, then some more pullback is possible towards immediate hurdle zone of 15,000-mark followed by 15,100 zone." "As of now, there are no signs to the end of this corrective...

Basic materials stocks were trading in the positive zone, with the S&P BSE Basic Materials index rising 37.87 points or 1.03% at 3725.24 at 09:48 IST. Among the components of the S&P BSE Basic Materials index, Fineotex Chemical Ltd (up 8.14%), Rashtriya Chemicals & Fertilizers Ltd (up 7.01%),Tata Steel Long Products Ltd (up 4.95%),Orient Paper & Industries Ltd (up 4.78%),West Coast Paper Mills Ltd (up 4.61%), were the top gainers. Among the other gainers were Pennar Industries Ltd (up 4.59%),...