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Paper stocks are buzzing on Dalal Street. Here's why


Paper stocks are buzzing on Dalal Street. Here s why
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Shares of NR Agarwal Industries surged 20 per cent, its daily circuit limit, to 301.70 on Thursday. Star Paper and Shree Ajit Pulp And Paper gained 6 per cent each to Rs 172.30 and Rs 334.95, respectively.
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JK Papers, West Coast Paper Mills, Pudumjee Paper Products, Tamil Nadu Newsprint and Papers, Nath Industries, Ganga Papers and B&A Packaging India advanced up to 5 per cent each. Most of them were locked in the upper circuit.
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New Delhi: Shares of paper stocks were abuzz on Thursday on the back of multiple reasons, including a sharp up move in prices of raw material and opening up of the economy. ....

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N R Agarwal Industries receives reaffirmation in ratings for ICRA

N R Agarwal Industries receives reaffirmation in ratings for ICRA
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market outlook: Ahead of Market: 12 things that will decide stock action on Friday


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New Delhi: Benchmark equity index Nifty managed to end the May F&O series at record closing highs on Thursday amid buying interest seen in cement, bank and IT counters. Though the index witnessed volatility throughout the session, it managed to eke out gains and end 36 points higher.
Nifty managed to close above the crucial resistance level of 15,335 on a closing basis, forming a Doji candle on the daily chart. Analysts said the index may face some resistance as it inches towards its lifetime high levels. Will the bulls manage to take Nifty past its all-time high levels? ....

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