Mumbai, April 2 -- The momentum has been sharp and swift. The stock had already surged 20% in the previous session and is now up 29.31% in just two days. Over a longer horizon, it has climbed 46.47% in one month and 29.29% in three months, signalling sustained bullish sentiment.

The trigger came from a notification issued by the Ministry of Environment, Forest and Climate Change on 31 March 2026, amending the Plastic Waste Management Rules. The updated framework mandates higher use of recycled plastic in packaging, with targets set to increase progressively over the coming years.

At its core, the regulation nudges producers, importers and brand owners towards greater recycled content usage. In segments like rigid plastic packaging, this...