Paper stocks soar as government imposes minimum import price on packaging material

Shares of Indian paper companies witnessed a significant rally, with stocks surging up to 17% in early trade, following the government's decision to impose a minimum import price (MIP) on virgin multi-layer paper board (VMPB). This move, aimed at curbing cheaper imports and supporting domestic manufacturers, has ignited hopes of increased sales volumes for local players.

by PrintWeek Team