The hedge fund has sold 6,98,922 equity shares in IIFL Wealth at an average price of Rs 1,714.05 apiece. As of December 2021, the fund's total shareholding in the company was 4.51 percent or 40 lakh equity shares.
The paper industry's import volume increased by 30 percent during the April-September period.
"All profits are about the same, the demonetisation impact seems to have disappeared", GP Goenka, Chairman, Star Paper Mills told CNBC-TV18.
According to Mitessh Thakkar of miteshthacker.com, one can buy Hexaware Technologies, Gujarat State Petronet and Star Paper Mills and advises selling United Breweries.
In an interview to CNBC-TV18, GP Goenka, Chairman of Star Paper Mills spoke about the latest happenings in his company and the sector.
Market expert SP Tulsian of SPTulsian.com told CNBC-TV18 that he is positive on Maruti Suzuki and from a valuation perspective it becomes a very good buy at sub-Rs 5,000 levels. He expects the carmaker‘s sales to be not as impressive as November‘s.
SP Tulsian bets on Maruti, says if the stock price falls to around Rs 5,000 then it is a buy and if it comes to a level of about Rs 5,300 then there is no harm in booking profits.
In CNBC-TV18's special edition of 'Earnings Pataka', Varinder Bansal decodes the second quarter earnings of Star Paper.