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Paper Sector: At this time, defense and railway sectors are booming in the stock market. Companies in both these sectors have given excellent returns to positional investors. But amid their discussions there is one area that has received little attention. We are talking about the paper sector. In the last one month, the stock prices of paper manufacturing companies have increased by 30 to 50 percent. Let’s know what is the reason for the rise in shares of papers industry companies?
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What causes acceleration?
Analysts believe that companies in the paper sector are bullish due to the decline in pulp prices. During the last few years, the balance sheets of many paper companies have also improved. According to an IPMA report, paper consumption in India is expected to reach 30 million by 2027. Demand for paper is increasing in FMCG and retail sector.
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Shares of which companies saw an increase?
Shares of West Coast Paper Mills have risen 52 percent in a month. At the same time, the share price of Ruchira Papers increased by 41 percent. On the other hand, shares of Seshasai Paper & Board Ltd have seen a 37 percent gain during the same period. Star Papers Mills (35 per cent), Astral Paper and Bold Mills Limited (35 per cent) and Taminadu Newspapers and Papers Limited (33 per cent) have managed to gain.