1. Paper Sector Writes Bullishness, Stocks follow the Lead
The paper industry of the country witnessed huge surge on Wednesday. By
the end of the day,
the sector closed up
by 2.59 per cent.
Raw Material
Pulp is one of the
major raw materials
used by the paper
mill. This is where it
gets interesting.
Paper pulp price has
dropped since June
2015. At the moment it is trading at its 7 years low. The price fell from a high
of 668 to 512. The recent low of 484 was made on the 2nd week of November.
2. Top Gainer/loser in past one year
Instrument Sector LTP Percentage
JK Paper PAPER 90.75 18.86
Genus Paper PAPER 6.1 18.45
West Coast Paper PAPER 140 15.13
Ruchira Papers PAPER 110.4 14.11
BILT PAPER 16.85 13.85
Malu Paper PAPER 32.75 12.54
Seshasayee Paper PAPER 772 11.61
Balkrishna Paper PAPER 83.45 11.04
Rama Newsprint PAPER 31.65 10.86
Orient Paper PAPER 73.4 9.55
International Paper PAPER 317.8 7.93
TNPL PAPER 352.4 6.64
Pudumjee Paper PAPER 19 6.04
Karur KCP PAPER 64.75 0
Rainbow Papers PAPER 3.8 0
Sirpur Paper Mills PAPER 8.2 0
Servalakshmi Paper PAPER 3.65 -13.1
On the Market Front
West Coast Paper: The West Coast Paper Mills is one of the oldest as
well as largest producers of paper for printing, writing, and packaging in
the country. Established in the year 1955, soon after Independence, the
paper mill is located at Dandeli in Karnataka near the banks of River
Kali.
In today’s trading session, West Coast Paper share price climbed the
growth ladder on the back of the rising sector. The share price surged
by more than 5 per cent to settle 4.44 per cent up at Rs 140.00.
3. JK Paper: JK Paper Limited has two large integrated paper
manufacturing units – JK Paper Mills, Rayagada, Odisha along with
Central Pulp Mills, Songadh, Gujarat with an aggregated capacity of
4,55,000 TPA. It is the market leader in Branded Copier paper segment
as well as among the top two players in Coated Paper and high-end
Packaging Boards.
JK Paper share price was one of the top performers of the sector today.
The share price surged more than 9 per cent today. By the end of today’s
session it closed at Rs 90.75, up by 5.98 per cent.
Orient Paper: Orient Paper Mill is a paper as well as paper crafts
manufacturer in Amlai of Madhya Pradesh and Brajarajnagar of Orissa,
India, which employs most of the populace of that area. It is one of the
most efficient paper mills in the particular area and has been associated
with paper manufacture in Africa. The mill is part of Orient Paper &
Industries, which comprises the paper facility and manufactures of
Portland cement and ceiling fans, and which itself is a subsidiary
company of CK Birla Group.
Orient Paper share price moved as much as more than 9 per cent
following the industry lead. It closed at Rs 73.40 apiece on NSE.
Tomorrow’s session will tell us if this rally will continue or it was a one day
theme.
4. Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of
the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making
investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Disclosure
Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment
Advisory Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of
MCX & NCDEX. We declare that our activities were neither suspended nor we have defaulted with any stock exchange authority
with whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection and based on their
observations have issued advise letters or levied minor penalty on for certain operational deviations.
Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/
Research Analyst/ his Relative:
Do not have any financial interest / any actual/beneficial ownership in the subject company.
Do not have any other material conflict of interest at the time of publication of the research report
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
Have not received any compensation for brokerage services or any products / services or any compensation or other
benefits from the subject company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company
Article Written by
Nabarupa Kanjilal
