Paper stocks extend rally on plastic ban buzz

Shares in paper manufacturing companies extended their intraday gains on courses after the government announced plastic ban.

India is expected to impose a nation-wide prohibition on plastic materials such as plastic cups/bottles/sachets etc, by the month of October starting as part of Indian Prime Minister steps to control plastic pollution. Avail For stock future tips from our experts.

Among the stocks in paper mills include, Emami Paper Mills which rallied 4.96% higher to 96.35, Malu Paper Mills up 4.23% to 30.80 per share, Orient Papers up by 4.23% to 30.80 per share, share, West Coast Paper up 3.66% to 267.60, JK Paper Industries up 3.94% to 134.15, Seshasayee Paper&Boards up by 2.67% to 209.90 and Astron Paper & Board Mill up by 2.84% to Rs114.20 per share, during mid-market session on the NSE.

Meantime, markets reached days low level with Sensex trading at 36143.76, down by 420 points and the Nifty stood at 10713-mark, down by 127 points at 12.45 pm. Get free stock future tips from our experts to gain more.

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