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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

0

Rainbow Papers

PAPER

3.8

0

Sirpur Paper Mills

PAPER

8.2

0

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 today’s 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 today’s 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. Tomorrow’s session will tell us if this rally will continue or it was a one day theme.


Disclaimer The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision. Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Disclosure Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment Advisory Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise letters or levied minor penalty on for certain operational deviations. Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/ his Relative: Do not have any financial interest / any actual/beneficial ownership in the subject company. Do not have any other material conflict of interest at the time of publication of the research report Have not received any compensation from the subject company in the past twelve months Have not managed or co-managed public offering of securities for the subject company. Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the subject company, nor engaged in market making activity for the subject company Have not served as an officer, director or employee of the subject company

Article Written by Nabarupa Kanjilal



Paper sector