Rainbow Papers is the strongest among paper companies: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talks about paper companies.

ET Now: What is the call on the paper companies?

Deepak Mohoni: They had that big spurt in price couple of weeks back. Since then, they have been relatively quite, may be a few follow up moves here or there. Andhra Paper was the big mover. The Rainbow Papers is perhaps one of the more interesting ones of that lot in fact because the long term trend in this stock is very firmly up. It is just below its all time high which it reached a week or 2 ago. So off that lot, Rainbow Papers is indeed the strongest. The long term trend very much up. Practically twice the price of where it used to be in 2008, not many stocks in the market which are doing that.