Stocks to buy today: School reopenings in seven states have led to some major education and paper stocks rallying. In the education sector, Aptech and Career Point have gained more than 2 per cent in intraday trading sessions, while these shares have gained nearly 13 per cent in the last five trade sessions. Among paper stocks, Pudumji Paper rose close to 3 per cent, Orient Paper gained nearly 6 per cent, while Andhra Paper rose nearly 2 per cent today. According to stock market analysts, the possible increase in the revenue of these companies after the reopening of schools in six states (Assam, Haryana, Madhya Pradesh, Rajasthan, Tamil Nadu and Telangana) and one union territory is due to the share of education and paper. is accelerating. (Puducherry). Schools are also reopening in the national capital Delhi NCT today.
Speaking on how the reopening of schools in seven states and one union territory is linked to an increase in education and paper stocks; Avinash Gorakshakar, Head of Research, Profitmart Securities, said, “Post-lockdown due to the Covid-19 outbreak, paper and education companies were in heat due to school closures. After the reopening of schools in some Indian states and UTs, The market is expected to see a sharp increase in the revenue of these companies as the demand for their product will increase post the reopening of schools. The current increase in the stock of education and paper can only be attributed to the reopening of the school However, in the longer term, paper stocks are expected to rise further as the Indian government has banned single-use plastics leading to an increase in the demand for paper products.”
To stand in line with the thoughts of Avinash Gorakshakar; Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “Education and paper stocks are buzzing today as schools are opening in many states from 1st September 2021. There is a sentimental positive response on education and paper stocks, but traders are finding the middle ground in the middle. One must be cautious. There is always concern about the performance of the education sector, while there are only a few paper stocks where investors can place bets. JK Paper and Pudumji are our top picks from this space due to their strong presence and strong growth momentum Will remain financial.”
Rahul Sharma, Co-Founder, Equity99 said, “Education sector is one of the worst affected sectors due to the outbreak of Covid-19 pandemic. Closure of educational institutions, adoption of work from home by offices, muted demand for printing The number of newspapers among others disturbed the consumption of paper and paper products.However, due to the increase in literacy levels, growth in print media (especially in local languages) and high government spending on the education sector, we may lose sight of this sector in the long run. Are highly optimistic. Also, there is talk of reopening of schools and colleges in these areas. Our top picks from these regions are NIIT, JK Papers and Orient Papers.”
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