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SESHASAYEE PAPER & BOARDSSESHASAYEE PAPER & BOARDSSESHASAYEE PAPER & BOARDS

SESHASAYEE PAPER & BOARDS

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SESHAPAPER trade ideas

Seshasayee Paper-Bullish on Techno Fundamentals numbersSeshasayee Paper is : -trading with good volumes on the bourses. -presently trading at its 50 days Moving Average -positive divergence on the oscillators -in the accumulation phase at present -standing right at the support level on higher time frames. -reached a lifetime high of INR 421.75 on 12/Sep/2023 and a lifetime low of INR 2.41 on 17/Jul/2001. -has a net worth of INR 1,771 Cr. -The market cap is INR 2,283.11 Cr and has a market cap rank of 4 within the paper sector. I believe that the initial target price should be INR 420-425 The second target price shall be INR 527-530 Stop Loss should be INR 321.00 Risk to Reward will be 1:4 The time horizon should be 12-18 months
NSE:SESHAPAPERLong
by Hobbytopassion_ManishJain
Seshasayee Paper Board - Short Term Idea, 25-30% ROI.The stock is in strong uptrend in all larger time frames. Poised for a daily breakout - part of Monthly reversal. Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles. One can enter at current market price and hold for target of 530 in the short term. For swing immediate 10% upside is seen, target at 415-420.
NSE:SESHAPAPERLong
by Rugminik
seshayee paperSeshasayee Paper and Boards (SPB), incorporated in June 1960, was promoted by Seshasayee Brothers (Pvt) Limited in association with a foreign collaborator M/s Parsons and Whittemore, South East Asia Inc, USA. After commencement of commercial production, having fulfilled their performance guarantee obligations, the foreign collaborators withdrew in 1969. SPB, the flagship company belonging to 'ESVIN GROUP', operates an integrated pulp, paper and paper board Mill at Pallipalayam, Erode, District Namakkal, Tamilnadu, India. SPB commenced commercial production in December 1962, on commissioning a 20,000 tonne per annum (tpa) integrated facility, comprising a Pulp Mill and two Paper Machines (PM-1 and PM-2), capable of producing, writing, printing, craft and poster varieties of paper. The plant capacity was expanded to 35000 tpa in 1967-68, by modification of PM-2 and addition of a third Paper Machine (PM-3). The cost of the expansion scheme, at Rs 34 millions was part financed by All India Financial Institutions (Rs 31 million). In the second stage of expansion, undertaken in 1976, capacity was enhanced to 55000 tpa, through addition of a 60 tpd new Paper Machine (PM-4). Cost of the project, including cost of a Chemical Recovery Boiler and other facilities for enhanced requirement of utilities, was estimated at Rs. 176 million. The same was part financed by term loans from Institutions and banks to the extent of Rs 145 million and the balance out of internal generation. SPB undertook various equipment balancing and modernisation programmes, since then, for improving its operating efficiency, captive power generation capacity, etc., upto 1992-93. The company embarked on an Expansion / Modernisation Project to enhance its production capacity from 60000 tonnes per annum, to 1,15,000 tonnes per annum and to upgrade some of the existing facilities, at an estimated cost of Rs 1890 million. The said Expansion / Modernisation Project was completed in December 2000. After successful trials, the commercial production out of the new Paper Machine commenced on July 1, 2000.The current installed capacity of the company stands at 1,15,000 tonnes per annum. The company's paper plant was originally designed for using bagasse, as the primary raw material mixed with 20% bamboo fibre. Bagasse was being obtained from nearby sugar mill on substitution basis using oil fired boilers. With sharp increase in oil prices in 1970-71, the company shifted over to the use of hardwood, at the time of its expansion undertaken in 1978. Raw material mix underwent a substantial change, with bamboo and hardwood forming 60% and 40%, respectively, of its raw material consumption. Soon the company started apprehending difficulties in procurement of bamboo. In 1981, it added one more digester, to increase the share of the hardwood in the furnish mix to 80% and restricting bamboo use to only 20%. With the commissioning of more wood based industries in Tamilnadu, there was again an apprehension about availability of hardwood. As a long term strategy, the company at this time decided on restructuring use of bagasse which was seen to be the most reliable source of fibre for the entire Industry. SPB's exports are nearly 20% of its production and is a significant exporter in the Indian Paper Industry. Due to its excellent export performance, SPB has been awarded 'Golden Export House' status. In 2011 Seshasayee Paper and Boards acquired M/s Subburaj Papers Private Limited. Product range of the company includes: MF I And MF II MG Yankee MF3
NSE:SESHAPAPERLong
by Tradernawab