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Paper stocks rallied on expectation of strong earnings supported by robust growth in the packaging board segment and continued demand in the writing and printing paper segment.
Ballarpur Industries, JK Paper, West Coast Paper, Star Paper Mills and International Paper APPM were up in the range of 5% to 7%.
The stock rallied 20% to Rs 840 on BSE after the company reported profit of Rs 31 crore in Q2FY17 against Rs 7 crore in Q2FY16.
