InvestorQ : What is the story for paper companies to rally so sharply?
sara Kunju made post

What is the story for paper companies to rally so sharply?

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Mary Joseph answered.
4 weeks ago
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Paper stocks rallied on the government's recent draft regulation under which there could be a ban on single-use plastic for candy and ice cream sticks, wraps around sweet boxes and cigarette packets. That could be a boost for paper demand. Emami Paper was locked in upper circuit while Astron, West Coast and TN Paper were up over 10%.

COVID-19 had severely disrupted the demand for paper and paper board across all segments even as digital newspapers is likely to dent demand for newsprint. We could also see higher packaging board usage by the pharma sector. Additionally, the ban on one-time-use plastic bags and increase in home delivery are positives.

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