Keeping track of the Indian stock market for quite some time now, I can say that the stock market is a crazy place.
The recent recovery took everyone by surprise. After falling throughout 2022, the market recovered in less than two months.
My point is…the stock market never fails to surprise investors with its constant ups and downs.
1. West Coast Paper Mills
- Most paper stocks rose in 2022. Paper and companies manufacturing paper products were the big gainers as India decided to reduce the use of plastics to reduce plastic pollution.
- The ban on plastic kicked in on 1 July. Paper stocks benefit from this as paper is an alternative to plastic.
- Another reason behind the rally in paper stocks is most states are lifting lockdowns and announcing the re-opening of schools and offices. As kids move back from the PDF to paper for reading and writing, the prospects of paper stocks look good.
- Now, a boring sector like paper has had its fair share of prolonged rough patches. But in the last one year, it invariably found the mojo back.