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Paper stocks rally; West Coast, Star Paper, Seshasayee Paper up over 7%

Orient Paper & Industries, Nath Pulp & Paper Mills and Ballarpur Industries were up 6% each, while JK Paper and International Paper APPM have locked in upper circuit of 5% on the BSE.

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Coated paper accounts for 60 per cent of the paper and paperboard imports in India | BS Photo

SI Reporter Mumbai
Shares of paper manufacturing companies were in focus with West Coast Paper Mills, Star Paper Mills, Seshasayee Paper, Emami Paper, and Balkrishna Industries rallying between 7% and 9% on good demand outlook.

Orient Paper & Industries, Nath Pulp & Paper Mills and Ballarpur Industries were up 6% each, while JK Paper and International Paper APPM have locked in upper circuit of 5% on the BSE. In comparison, the S&P BSE Sensex was trading 0.11% higher at 38,070 points at 12:17 pm.

The Paper Industry is cyclical in nature and its performance depends on the global pulp and paper