Paper stocks rally; JK Paper, TN Newsprint, West Coast surge up to 14%

Paper stocks rallied on expectation that reopening of offices, educational institutions and courts will lead to regularization of demand

Shares of paper companies rallied up to 14 per cent on Friday, amid heavy volumes, on expectation that re-opening of offices, educational institutions, and courts will lead to regularization of demand.

JK Paper, Tamil Nadu Newsprint & Paper, West Coast Paper Mills, Ruchira Papers and Star Paper Mills surged between 8 per cent and 14 per cent on the BSE in Friday's intra-day trade. In comparison, the S&P BSE Sensex was up 0.12 per cent at 55,529 points at 01:56 PM.

Digitisation in education sector and giving emphasis for online classes in education sector, cancellation of school examinations