Paper stocks in demand; JK Paper surges 19%, Orient Paper up 10%

Paper industry will witness an uptick during FY22 on year on year basis backed by better paper demand and increase in its prices

Shares of paper and paper products companies were in focus, rising up to 19 per cent in intra-day trade, on the BSE on Tuesday on expectation of higher demand.

JK Paper surged 19 per cent to hit a 52-week high of Rs 208.75 in intra-day trade today, on the back of three-fold jump in trading volumes. Thus far in the month of June, the stock has outperformed the market by gaining 31 per cent, as compared to 1.6 per cent rise in the S&P BSE Sensex.

In the January-March quarter (Q4FY21), JK Paper reported a more-than-doubled consolidated net