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What s behind the rally in paper stocks?

Shares of Emami Paper Mills soared 20 per cent to 209.35, before trading at Rs 201.4. Similarly, NR Agarwal Industries, Orient Paper and Pudumjee Paper Produces gained between 11-15 per cent to Rs 361, Rs 33.70 and Rs 47.30, respectively.

Market ahead: Ahead of Market: 12 things that will decide stock action on Tuesday

Market ahead: Ahead of Market: 12 things that will decide stock action on Tuesday
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HNI stock bets: 10 stocks where HNIs put in big bets in Q4, all beat Sensex hands down

paper stocks: Paper stocks rally on likely plastic ban

Mumbai: Paper stocks outshone in a choppy market on Tuesday following the government’s draft regulation under which there can be a ban on single-use plastic for candy and ice cream sticks as well as film wraps around sweet boxes and cigarette packets. Astron Paper & Board Mill, West Coast Paper Mills, Tamil Nadu Newsprint, Star Paper Mills, Orient Paper and Industries and Emami Paper ended up 4-20 per cent. Malu Paper Mills gained 5.2 per cent and Seshasayee Paper & Boards gained 3.6 per cent. Analysts said the surge in these stocks over the last few days is on the back of investors shuffling across sectors that had not participated in the record-setting rally in the past year.

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