Paper stocks extend rally; JK Paper zooms 75% in one month

International Paper APPM, Ruchira Papers, Nath Pulp & Papers, West Coast Paper, Emami Paper, Tamil Nadu Newsprint and Seshasayee Paper Boards have rallied in the range of 25% to 50% in past one month.

Shares of paper companies were trading higher on the bourses on expectations of a positive outlook for the current July-September quarter.

JK Paper, Ruchira Paper, West Coast Paper, Star Paper Mills, NR Agarwal Industries, Shreyans Industries and Kuantam Paper were trading higher in the range of 4% to 10% on the BSE. In comparison, the S&P BSE Sensex was up 0.81% or 305 points at 37,969 at 01:05 pm.

In past one month, JK Paper, International Paper APPM, Ruchira Papers, Nath Pulp & Papers, West Coast Paper, Emami Paper, Tamil Nadu Newsprint and Seshasayee Paper Boards have rallied