Paper industry shares rise after ban on single use plastic, investors of these companies are getting rich

There is a boom in the stocks of the paper industry.

From July 1, 18 products made of single-use plastic have been banned. More products will be added to this list in the future. After SUP, there is a movement in the stocks of the paper industry. Some stocks have seen tremendous gains.

from 1st of July single use plastic ,Single-use plastic ban) has been banned across the country. At present, only 19 things made of single use plastic have been banned. After this action of the government, the companies of the paper industry are getting benefits and their shares have gone up. Seshasayee paper in the last one month (Seshasayee Paper), Andhra Paper (Andhra Paper), shares of paper manufacturing companies, including West Coast Paper Meal, have gained three to eight per cent, even as the BSE Sensex and Nifty have fallen five per cent during this period. Especially these three stocks are seeing a steady rise for the last few trading sessions. Shares of Seshasayee Paper & Boards rose 7.80 per cent during one month. Tamil Nadu Newsprint and Papers gained 7.07 per cent, Satiya Industries 5.54 per cent and West Coast Paper Mills 3.15 per cent. During the same period (May 31 to July 1), the Sensex fell by 4.78 percent and the Nifty fell 5.01 percent.

The SUP products (single use plastic products) that have been banned include earbuds, plastic sticks for balloons, flags, candy sticks, ice cream sticks, polystyrene (thermocol), plates, cups, glasses, forks, spoons, knives, straws. Includes trays, invitation cards, cigarette packs, plastic or PVC banners and stickers of less than 100 microns.

The paper industry does not currently manufacture these products.

Deepak Jasani, Head of Retail Research, HDFC Securities said, “If seen, the companies making this paper should get the benefit of this ban, but most of the paper companies do not make such products and they will be entering the field of their production in the near future.” are not either.

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