West Coast Paper

Indian Paper Manufacturer Association has requested for imposition of anti-dumping duty on the imports from China and Chile

A strong and robust domestic demand, coupled with strategic exports of both paper and converted paper products, augers well for the Indian paper industry

The US Coast Guard said on Thursday that an underwater vessel has located a debris field near the Titanic in the search for a missing submersible with five people aboard, a potential breakthrough in the around-the-clock effort. The search for the missing submersible on an expedition to view the wreckage of the Titanic passed the critical 96-hour mark Thursday when breathable air could have run out, a grim moment in the intense effort to save the five people aboard. The Titan submersible was estimated to have about a four-day supply of breathable air when it launched Sunday morning in the North Atlantic - but experts have emphasised that was an imprecise approximation to begin with and could be extended if passengers have taken measures to conserve breathable air. And it's not known if they survived since the sub's disappearance.

West Coast Paper Mills, JK Paper, Tamil Nadu Newsprint & Papers may see up to 25 per cent upside in 2023.

In the past six months, the stock price of WCPM has more-than-doubled or soared 137 per cent, as against 3 per cent rise in the benchmark Sensex.

The stock touched an intra-day high of Rs 380.55 as it inched closer to its 52-week high level of Rs 387.40. Shares of the paper company have gained 14 per cent in the preceding ten sessions.

Analysts believe that the government's nascent step towards anti-dumping policy will act as a big booster for the domestic paper players.

Paper stocks have rallied over 20 per cent in the recent past on hopes of higher demand as schools, offices reopen for normal functioning; charts indicate more upside.

Despite the absence of boards in its offerings, West Coast Paper has large capacities and is a formidable player with a positive outlook going forward, an official at LKP Securities said

The rally in paper stocks began early September when states eased Covid-19 related restrictions and announced re-opening of schools and offices

The government has issued a draft regulation under which there can be a ban on single use plastic for candy & ice cream stick, film wraps around sweet boxes and cigarette packets, etc.

According to the Saturday report from the California Department of Forestry and Fire Protection (Cal Fire), a total of 19 people have been killed by wildfires in the state so far

Shares of West Coast Paper Mills have hit a new high of Rs 415, rallied 117% in past one year and 301% in two years, as compared to 4% and 27%, respectively, rise in the S&P BSE Sensex.

Orient Paper & Industries, Nath Pulp & Paper Mills and Ballarpur Industries were up 6% each, while JK Paper and International Paper APPM have locked in upper circuit of 5% on the BSE.