Paper stocks rally; Pakka, TNPL, Star, West Coast, JK Paper zoom up to 20%

The Indian paper industry is poised for growth, with increasing demand driven by population growth, urbanisation, and rising literacy rates.

Shares of paper & paper products companies were in focus, zooming up to 20 per cent on the BSE in Wednesday’s intraday trade on positive outlook. The Indian paper industry is expected to record sustained growth in demand due to rising literacy rates and business activities.

Paper stocks have been among the top performers in the last calendar year, 2022, on the back of robust demand, consolidation in the sector, stable margins, and the ban on single-use plastic.

The growth in the Indian packaging industry has been catalyzed by a surge in e-commerce, food processing, pharmaceuticals, FMCG, manufacturing