|Malu Paper at upper circuit|
Malu Paper is frozen at the upper circuit at Rs.16.95, up 10%. Over 67,000 pending buy orders remained on the counter. The stock is cashing in on the current euphoria created for paper stocks, post the AP Paper buy. Fundamentally, the stock does not deserve a price of even Rs.10 and clearly, it is speculators at play. Best to stay away.