Ruchitra Papers hits target. To remain one of the top pick in Papers. Continue holding.
We like stocks like Star paper, Kautham Papers, West Coast Papers, NR Agarwal and Ruchitra Papers in Paper sector.
Seem like an good sector outlook has given re-rating on Industrial PE of Paper stocks. Industrial PE to remain in the range of 13-15.
Ruchitra Papers can be held in your portfolio for a target of 250 in 6 months. SL 155. Add on dips towards 180.
Current momentum to lift the stock towards 220 and 230 in a month.