International Paper down in red

International Paper APPM is down in the red today. The stock opened weak and it is currently at its intra day low at Rs.243.45. The 52-week of the stock is at Rs.222.65.

The stock is down, reacting to the news is announced today that there would be Annual Outage from July 14, 2014 to July 27, 2014 (both days inclusive) in the manufacturing facility located in Rajahmundry, Andhra Pradesh. This is sure to either lead to a rise in its power/fuel cost or loss of production.