Tamil Nadu Newsprint may move up more: Ambareesh Baliga, Karvy

ET Now spoke to Ambareesh Baliga, VP, Karvy Stock Broking Ltd., on his views on paper stocks.

Would you look at any of the paper stocks?

Paper, in fact, we have been positive on this space for a while when others are not looking at it. For example something like a Tamil Nadu Newsprint was languishing at levels at Rs 85-Rs 90 that's the time we started picking it up. We had picked up Bilt at that point of time but at these levels I think it's more than fully priced.

We have already seen Tamil Nadu Newsprint going beyond Rs 140 so possibly it can move up another Rs 5-Rs 8 from here but for data I will surely not play at this point of time in fact we are booking out.