As per views of technical analysts, traders who want to make good returns from intraday trading can purchase Ballarpur Industries with a strict stop loss of Rs 184. The marked price target for the suggested stock lies between Rs 195-202.

The stock has been performing brilliantly from last few weeks, and it will definitely left capitalists with great earnings in today’s session.

Based on current results, the stock of the company is trading at a P/E 13 and offers an earning per share of 14. At National Stock Exchange, the stock of the company has touched 52-week high of Rs 196 with a low of Rs 90.

As a turn around story of the stock, it still has much potential to attain new yearly highs records in the coming weeks. So don’t miss the chance to grasp the stock.

Other stocks from the sector which can post good results in the future are Tamil Newsprint, West Coast Paper, JK Paper and AP Paper Mills.