Paper stocks in demand; Emami Paper, West Coast Paper zoom up to 20%

The government has issued a draft regulation under which there can be a ban on single use plastic for candy & ice cream stick, film wraps around sweet boxes and cigarette packets, etc.

Shares of paper manufacturers were in demand for the second straight session on Tuesday and rallied up to 20 per cent on the BSE in intra-day trade following the government's draft regulation under which there can be a ban on single-use plastic for candy and ice cream sticks, film wraps around sweet boxes and cigarette packets, etc.

Emami Paper was locked in the upper circuit of 20 per cent at Rs 116.55 on the BSE. A combined 475,000 equity shares had changing hands on the counter so far and there were pending buy orders for 49,000 equity shares on the NSE