New import policy to buoy paper stocks in medium-to-long term: Analysts

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

Shares of paper companies were in demand on Friday, after the government stepped up scrutiny on paper imports. The stocks of West Coast Paper, JK Paper, Star Paper Mills, Andhra Paper, and Orient Paper surged between 0.8 per cent and 3.6 per cent on the BSE. 

In an effort to curb the illegal dumping of paper materials, the government has amended its import policy for compulsory registration under the paper monitoring system (PIM). Under this, an importer will have to provide advance information about the import of paper and obtain a registration number. The importer can apply for registration five days