News for West Coast Paper Mills Limited (WSTCSTPAPR.BO)

Mukul Agrawal has bought stakes in 3 companies, besides PTC, in the March quarter. He now has a stake of 1.8% and 1.7% in Dredging Corporation of India and West Coast Paper Mills, respectively.

The company had posted net profit of Rs 77.64 crore and revenue of Rs 564.73 crore in December 2023.

Stocks to watch: Check out the companies making headlines before the opening bell today, on February 15, 2024.

NCLT has approved West Coast Paper Mills’ Resolution Plan to acquire Uniply Decor for less than its liquidation value. The CoC approved the Plan with 100% majority. West Coast will pay creditors Rs. 28 crore, while the liquidation value of Uniply is Rs. 38.03 crore. The Plan is binding on Uniply and other stakeholders, and West Coast is one of India’s oldest and largest paper producers..

The resolution plan, submitted by West Coast Paper Mills Ltd and previously approved by the Committee of Creditors of Uniply Décor Ltd, marks a crucial step towards the company's expansion and diversification efforts.

“Our consultant, Lagrange Point Advisors LLP, an investment banking firm based in Mumbai informed us that the resolution plan to acquire Uniply Decor has been approved verbally by the Chennai Bench of the NCLT,” the company said in a regulatory filing.

Stocks to watch: Check out the companies making headlines before the opening bell, on September 21, 2023.

The 30-share BSE Sensex pack surged 256 points or 0.35 per cent to hit an all-time high of 67,774, while the NSE Nifty moved 70 points or 0.34 per cent up to scale a fresh peak of 20,173. Broader market (mid- and small-cap) shares were positive as Nifty Midcap 100 climbed 0.36 per cent and small-cap gained 0.58 per cent.

Paper stocks have seen a steady rise as pulp and paper prices stabilise. Factors such as the ban on single-use plastic, rising exports, and the New Education Policy are expected to boost demand. Investors must take note of changing consumer behaviour and the impact of recycling policies in the European market.Paper stocks on steady rise as pulp and paper prices stabilise; factors such as ban on single-use plastic, rising exports, New Education Policy to boost demand. JK Paper, ITC, West Coast Paper Mills, TNPL, Seshasayee Papers & Boards gaining. EU ban on exports of waste paper lifted in April. India's paper consumption expected to reach 30 million tonnes by 2027. Investors must take note of changing consumer behaviour and recycling policies.

West Coast Paper Mills has given a breakout from the symmetrical triangle formation. A long term trendline breakout was spotted in the leading momentum indicator RSI.

West Coast Paper Mills Q1 earnings: Revenue from operations grew 2.24 percent year-on-year (YoY) to Rs 1,139 crore. The company reported a revenue of Rs 1,114 crore in Q1FY23

Rapid urbanization, along with a sedentary lifestyle and on-the-go food culture, is anticipated to eventually drive the paper-for-cup market soon. Asia...

Balkrishna Paper Mills rose 10 per cent to hit a high of Rs 50.75 on BSE. This is in addition to a 20 per cent jump each in the previous two sessions and a 8.42 per cent rise on Monday

The Indian equity markets are marginally bearish today, Nifty stood at 17,498.45 points, falling by 0.15%. However, these 5 below-mentioned paper stocks are soaring this month. In the post-pandemic time, schools, colleges, and offices are opening, and demands for papers are surging now.

As bulls attempted a return to Dalal Steet, 77 stocks on the BSE were up at their fresh 52-week highs and another 19 stocks touched fresh lows.

Stocks of companies related to paper industry have gained amid a ban on certain Single-Use Plastic (SUP) items that kicked in from Friday. Over the past one month, some of the paper manufacturers, including Seshasayee Paper,

In the afternoon deals, a total of 196 stocks rose to make a new 52-week high on BSE.

BSE Sensex and Nifty 50 were trading nearly one per cent up on Tuesday, recovering all the day's losses

BSE Sensex and Nifty 50 were trading nearly half a per cent down on Monday, on the back of selling in ICICI Bank, HDFC, Kotak Mahindra Bank, SBI and RIL, among others