Market ahead: Ahead of Market: 12 things that will decide stock action on Tuesday
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Star Paper Mills standalone net profit rises 0 26% in the March 2021 quarter
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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.