Despite the growing volatility in the markets, paper stocks have held their ground so far this calendar year. Shares of JK Paper, for instance, have surged 36 per cent on a year-to-date basis, while those of West Coast Paper, Worth Peripherals, Tamil Nadu Newsprint & Papers, Ruchira Papers, and Andhra Papers have advanced between 18 per cent and 23 per cent, ACE Equity data show.
In comparison, the Nifty50 and the Nifty500 indices have declined 4 per cent and 5.2 per cent YTD, respectively. Analysts say tight paper supplies in the domestic market with reopening of economy, surge in ...
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