TNPL Buy Call

Tamil Nadu Newsprint and Papers Limited can be bought for delivery today. The stock may touch 128 – 132 levels tomorrow.

The company is planning to construct an IT park with a capacity of 4 lakh square feet. TNPL is also planning to set up a mini cement plant of 400 tpd for production of high grade cement. The announcement regarding these plans will soon be made and the stock price can see a sudden increase.

The Stock has touched a high of Rs 122 and a low of Rs 116 today. The volumes on NSE were around 38 thousand shares till 3.10 pm.