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Paper stocks bump in anticipation of govt's anti-dumping duty levy

The sharp increase in the paper stock price indicates that the government is in an advanced stage of levying anti-dumping duty on its import to restrict its arrival in India

Paper Industry

Share prices of paper mills have risen by up to 67 per cent in two months, anticipating the central government’s expected levy of an anti-dumping duty on import, to protect domestic manufacturers. Over these two months, the paper index outperformed the benchmark Sensex on the BSE exchange by 27 per cent. From a base of 100, the Sensex stood at 107.25 points on Friday, compared to 136.25 of the paper index.   In this bull market, the stock of writing paper manufacturer Satia Industries rose the highest, by 67 per cent to close on Friday at Rs 619.   Those of ...