Emami Paper has been sideways: Deepak Mohoni
There has been a bit of a spike in the last 1 month but that is not sufficient to get into the Emami Paper.
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| Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Emami Paper.
What is the call on Emami Paper?
Emami Paper has been sideways since its listing and a pretty large range - Rs 40 to Rs 75 - and not really trending very much. Bit of a spike in the last 1 month but that is not sufficient to get into the stock. Given market conditions, for the stock listed about 1 year ago, this is one of the better performers because so many of them are down to half the price at which they opened in the market.
What is the call on Tata Coffee?
It was over Rs 540 at roughly the open - that would be the new spike. But it is already down to 480-485. So that is a pretty adverse reaction from the market. Market conditions now are such that even good news is not digested too happily on any stock.
What is the call on Emami Paper?
Emami Paper has been sideways since its listing and a pretty large range - Rs 40 to Rs 75 - and not really trending very much. Bit of a spike in the last 1 month but that is not sufficient to get into the stock. Given market conditions, for the stock listed about 1 year ago, this is one of the better performers because so many of them are down to half the price at which they opened in the market.
What is the call on Tata Coffee?
It was over Rs 540 at roughly the open - that would be the new spike. But it is already down to 480-485. So that is a pretty adverse reaction from the market. Market conditions now are such that even good news is not digested too happily on any stock.
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