Satish Gupta of astrostocktips is of the view that paper stocks like Star Paper, Ruchika Paper and International Paper to get astrological support.
In an interview to CNBC-TV18, Aashish Tater, Head of Research at Fortunewizard.com picks two stocks as his multi-baggers for the day. Tater pegs Andhra Pradesh Paper Mills' target price to be Rs 285 and Chambal Fertilisers and Chemicals' target price to be Rs 86.
China's economy may not be growing anywhere near the headline numbers of 7 percent, International Paper's CEO John Faraci told CNBC's "Closing Bell."
Securities Appellate Tribunal (SAT) has asked AP Paper (International Paper hold‘s 75%) to pay non-compete fee to all investors who tendered in the open offer, reports CNBC-TV18's Sajeet Manghat.
US-based International Paper is eyeing West Coast Paper Mills. The deal is seen around Rs 800-1200 crore, reports The Economic Times.
SP Tulsian of sptulsian.com says that he holds a negative view on both Bharti and Idea in the telecom space. Though, the paper stocks have done well today, he holds a negative view on paper companies. However, he holds a positive view on United Spirits.
International Paper may go for delisting of AP Paper, says SP Tulsian, sptulsian.com.
The Securities and Exchange Board of India (SEBI) has directed the promoters of AP Paper Mills to include non-compete fees in their open offer.
International Paper's offer for 21.5% stake AP Paper is projected to raise competition for the other players, going forward. However, V Kumarswamy CFO of JK Paper says that the deal need not ring in competition; in fact, he believes that the deal will have a positive impact on the competing paper companies.
International Paper open offer for AP Paper to open May 26
Paper stocks are in the limelight post the deal between AP Paper Mills and the US paper and packaging company International Paper. Amol Rao analyst with Antique Broking shares his detailed view on this recent deal in an excusive interview with CNBC-TV18.
International Paper is entering into an agreement with the LN Bangur group to acquire the entire promoter stake in AP Papers. Paul Brown, president, International Paper Asia says, “The company is very well positioned in the market. It is got great growth potential."
Today the paper stocks rallied on news of International Paper plans to buy 53.5% stake in AP Paper Mills for USD 257 million.
US-based International Paper is set to buy a majority stake in Andhra Pradesh Paper Mills for about USD 257 million in cash. In an interview on CNBC-TV18, RR Vederah, managing director BILT Paper, a unit of India's largest paper maker Ballarpur Industries, said that it's an very interesting deal.
Andhra Pradesh Paper Mills touched an intraday high of Rs 236.95 and an intraday low of Rs 236.95. At 09:19 hrs the share was quoting at Rs 236.95, up Rs 39.50, or 20.01% on the NSE. International Paper is going to buy 53.5% stake in the company for USD 257 million, reports CNBC-TV18.