Paper manufacturers rally on hope of strong Q4 earnings
'Q4 is generally the strongest for these companies as most of the new school curriculums get pushed along and they get demand from publishers in terms of notebooks and paper products.'
By ET Bureau | Updated:
MUMBAI: Shares of paper manufacturers are in the limelight today, rallying up to 7% on expectations that they will report strong earnings for the quarter ended March. West Coast Paper mills gained the most followed by JK Paper, Tamil Nadu Newsprint & Papers, Ruchira Papers and International Paper APPM that rose 3-5%.
“Q4 is generally the strongest for these companies as most of the new school curriculums get pushed along and they get demand from publishers in terms of notebooks and paper products,” Narendra Solanki, analyst at Anand Rathi Shares and Stock Brokers said.
Moreover, softness in world prices for wood pulp, which is likely to continue for near term, would also add to their bottom line, Solanki added.
“Q4 is generally the strongest for these companies as most of the new school curriculums get pushed along and they get demand from publishers in terms of notebooks and paper products,” Narendra Solanki, analyst at Anand Rathi Shares and Stock Brokers said.
Moreover, softness in world prices for wood pulp, which is likely to continue for near term, would also add to their bottom line, Solanki added.
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