Paper stocks log historic gains in 2022, will the trend continue in 2023?

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

Shares of paper companies logged smart gains in trades on Wednesday in an otherwise rangebound market. 

Among individual stocks, Balkrishna Paper Mills was locked at the 20 per cent upper circuit, while Malu Paper Mills rose 5 per cent. Both these stocks had soared 30 per cent in the preceeding two sessions. 

Shares of JK Paper, West Coast Paper Mills, Seshasayee Paper & Boards were up over a per cent each in intra-day trades. So far this week, these three stocks have advanced in the range of 4 per cent to 8 per cent.

Further, the year 2022 has