Paper, jute product stocks extend rally amid single-use plastic ban buzz

Ludlow Jute & Specialities, Star Paper Mills, Orient Paper & Industries and Ruchira Papers have seen their market value appreciate in the range of 50 to 150 per cent from their respective August lows.

Shares of paper manufacturers and jute product companies extended their gains and were trading higher by up to 10 per cent on the BSE in the early morning deals on Thursday on buzz around total plastic ban.

Malu Paper Mills, Ludlow Jute & Specialities, Orient Paper & Industries, Emami Paper Mills, West Coast Paper, Star Paper Mills, JK Paper, Seshasayee Paper & Boards and Cheviot Company were up in the range of 4 per cent to 10 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.63 per cent at 36,333 points at 10:04 am.