JK, West Coast Paper: Analysts bullish on paper stks despite 50% YTD surge

However, analysts say short-term investors should partially book out from paper stocks as the industry is a "classic cyclical play"

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 49.5 per cent on a year-to-date basis, while those of West Coast Paper, Tamil Nadu Newsprint & Papers, Ruchira Papers, and Andhra Papers have advanced between 26.3 per cent and 33 per cent, ACE Equity data show. In comparison, the Nifty50 and the Nifty500 indices have declined 2 per cent and 3.4 per cent YTD, respectively.

Analysts say tight paper supplies in the domestic market with reopening of economy, surge in paper exports due