Shares of paper manufactures were on a roll with most of the frontline stocks trading up to 15 per cent higher, and many of them quoting at their respective 52-week highs levels in intra-day trade on Wednesday on demand revival.
Star Paper Mills (up 15 per cent at Rs 178), Orient Paper & Industries (up 13 per cent at Rs 33.30) and Seshasayee Paper & Boards (up 12 per cent at Rs 222.80) rallied over 10 per cent on the BSE. Astron Paper & Board Mill, JK Paper, Andhra Paper, Tamil Nadu Newsprint & Papers, Ruchira Papers and West Coast Paper were up 5 per cent to 8 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.20 per cent at 52,965 points, at 09:36 am.
Basic materials stocks gain
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