Ballarpur a good bet among paper stocks: Sharyans Resources

In a chat with ET Now, CK Narayan, President Treasury, Sharyans Resources, shares his investment ideas.

What is the call on paper stocks?

AP Paper deal certainly brings focus onto the paper sector which had been missing. It has been widow type of sector. It has been around, but nobody takes interest in it. The AP Paper deal would bring focus back on some of the bigger players - though it does not have too many big ones.

Ballarpur is a giant in the space and reasonably priced. If I see the charts, maybe Ballarpur would be a good bet. It is a bit of a dog, and does not really move too much but with some renewed interest, maybe you could see some amount of action and fresh investment.

Most of the fund people are looking for viable area to put money into where at least, if not big growth, they do not depreciate their money. Right now, the paper sector as a whole seems to be looking that way. Downside seems to be limited in most of the stocks. Granted that liquidity may not be so hot but if they look at it over a period of time of accumulation, they would be able to buy some decent stocks. Many of them have been around for a long time, and some of them had proved their pedigree. So, paper might look up across the next six months.