Stocks of paper companies rise by up to 89% on bumper June quarter

Company shares also got support from rising demand for the packaging variety in states like Maharashtra which had imposed a partial ban on use of plastics

The share prices of paper companies have risen by up to 89 per cent over the past month, after stronger than expected earnings were reported by primary producers for the quarter ended June.

Leading branded copier maker JK Paper's share price rose 89 per cent on the BSE to trade currently at Rs 188. That of International Paper APPM has risen 49 per cent to Rs 465. Significant rises have also been seen in the shares of Ballarpur Industries, Seshasayee Paper, West Coast Paper and Tamil Nadu Newsprint, among others. 

For a start, cost improvement measures over the past several