Stocks like Pudumjee Paper, Orient Paper, Emami Paper and JK Paper have registered sizable gain in the intraday trade
Stock market today: On account of central government's notification to ban single use plastic from 1st July 2022, paper stocks are skyrocketing today. According to the stock market experts, paper stocks are riding high on the hope that single-use plastic ban will benefit paper industry. They said that in the wake of plastic ban, people will move to paper usage leading to rise in demand and footfall for paper manufacturing companies. Stocks like Pudumjee Paper, Orient Paper and Emami Paper have registered sizable gain in the intraday trade and experts said that the rise can be attributed to this central government decision that is working as positive short-term sentiment for these paper stocks.