Chemical stocks have struggled in the recent market rally but, unlike the underperforming IT sector where a section of the market feels it is time to start looking for bargains, investors aren’t sticking their neck out in the chemicals space yet
While global Inflation kept the demand for paper down, pulp prices are expected to ease with new pulping capacities being added in Brazil, Uruguay and China. In India, imports are now cheaper as cost of production at Indian companies remains unchanged
Paper stocks nearly double across-the-board on supply imbalance and are not looking like they're cooling off for another couple of quarters
Among others, Star Paper Mills went higher by 4.14 percent, Emami Paper Mills gained 3.92 percent, West Coast Paper Mills (3.83 percent), Orient Paper & Industries (3.10 percent), JK Paper (2.93 percent) and Astron Paper & Board Mill (2.64 percent).
Paper stocks are in the limelight post the deal between AP Paper Mills and the US paper and packaging company International Paper. Amol Rao analyst with Antique Broking shares his detailed view on this recent deal in an excusive interview with CNBC-TV18.