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