Paper stocks in focus on strong Q2 results; Seshasayee Paper surges 18%

Ballarpur Industries, JK Paper, West Coast Paper, Star Paper Mills and International Paper APPM were up in the range of 5% to 7%.

Shares of paper companies have rallied by up to 18% on the BSE in intra-day trade after Seshasayee Paper & Boards and International Paper APPM posted a strong set of numbers for the quarter ended September 2018 (Q2FY19).

Seshasayee Paper & Boards, Ballarpur Industries, JK Paper, West Coast Paper, Star Paper Mills and International Paper APPM were up in the range of 5% to 15%, as compared to 0.77% rise in the S&P BSE Sensex at 11:58 PM.

Among the individual stocks, Seshasayee Paper & Boards has surged 18% to Rs 1,220 in intra-day trade on the back