Paper Sector Writes Bullishness, Stocks follow the Lead

The paper industry of the country witnessed huge surge on Wednesday. By

the end of the day,
the sector closed up
by 2.59 per cent.

Raw Material
Pulp is one of the
major raw materials
used by the paper
mill. This is where it
gets
interesting.
Paper pulp price has
dropped since June
2015. At the moment it is trading at its 7 years low. The price fell from a high
of 668 to 512. The recent low of 484 was made on the 2nd week of November.

Top Gainer/loser in past one year

Instrument

Sector LTP

Percentage

JK Paper

PAPER

90.75

18.86

Genus Paper

PAPER

6.1

18.45

West Coast Paper

PAPER

140

15.13

Ruchira Papers

PAPER

110.4

14.11

BILT

PAPER

16.85

13.85

Malu Paper

PAPER

32.75

12.54

Seshasayee Paper

PAPER

772

11.61

Balkrishna Paper

PAPER

83.45

11.04

Rama Newsprint

PAPER

31.65

10.86

Orient Paper

PAPER

73.4

9.55

International Paper

PAPER

317.8

7.93

TNPL

PAPER

352.4

6.64

Pudumjee Paper

PAPER

19

6.04

Karur KCP

PAPER

64.75

Rainbow Papers

PAPER

3.8

Sirpur Paper Mills

PAPER

8.2

Servalakshmi Paper

PAPER

3.65

-13.1

On the Market Front

West Coast Paper: The West Coast Paper Mills is one of the oldest as
well as largest producers of paper for printing, writing, and packaging in
the country. Established in the year 1955, soon after Independence, the
paper mill is located at Dandeli in Karnataka near the banks of River
Kali.
In todays trading session, West Coast Paper share price climbed the
growth ladder on the back of the rising sector. The share price surged
by more than 5 per cent to settle 4.44 per cent up at Rs 140.00.

JK Paper: JK Paper Limited has two large integrated paper

manufacturing units JK Paper Mills, Rayagada, Odisha along with
Central Pulp Mills, Songadh, Gujarat with an aggregated capacity of
4,55,000 TPA. It is the market leader in Branded Copier paper segment
as well as among the top two players in Coated Paper and high-end
Packaging Boards.
JK Paper share price was one of the top performers of the sector today.
The share price surged more than 9 per cent today. By the end of todays
session it closed at Rs 90.75, up by 5.98 per cent.
Orient Paper: Orient Paper Mill is a paper as well as paper crafts
manufacturer in Amlai of Madhya Pradesh and Brajarajnagar of Orissa,
India, which employs most of the populace of that area. It is one of the
most efficient paper mills in the particular area and has been associated
with paper manufacture in Africa. The mill is part of Orient Paper &
Industries, which comprises the paper facility and manufactures of
Portland cement and ceiling fans, and which itself is a subsidiary
company of CK Birla Group.
Orient Paper share price moved as much as more than 9 per cent
following the industry lead. It closed at Rs 73.40 apiece on NSE.
Tomorrows session will tell us if this rally will continue or it was a one day
theme.

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investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

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Article Written by
Nabarupa Kanjilal