Bearish but may not go down much.The last 8/1 support is at 80.20 considering a strong multiple bottom has been created in the current position. It will make an attempt to cross 103 in near term. If it succeeds, next target will be 119.
The South India Paper Mills Ltd. engages in the manufacture and distribution of paper and paper products. It operates through the Paper & Paper Products and Power segments. The firms product portfolio comprises of corrugating case raw materials including Kraft liner substitutes, test liners, white Kraft liners, fluting grades, high performance fluting and test liner and special application grades for packaging. The company was founded on June 6, 1959 and is headquartered in Bangalore, India.
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