New Delhi, Aug. 25 -- Several paper stocks witnessed strong buying interest in intraday trade on Monday, August 25, after the Indian government fixed a minimum import price for some paper boards. Shares of Tamil Nadu Newsprint & Papers, JK Paper, Emami Paper Mills, and West Coast Paper Mills surged up to 17 per cent in the morning session. Stocks such as Malu Paper Mills, Andhra Paper, Sangal Papers, Pudumjee Paper Products, and Ruchira Papers jumped up to 13 per cent.

Paper stocks are rising after the central government introduced a minimum import price (MIP) for Virgin Multi-layer Paper Board (VPB).

VPB is widely used in the packaging of products in the pharmaceutical, FMCG, electronics, cosmetics, liquor, and publishing sectors.

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