West Coast Paper Shares On Course To Snap Five-Day Losing Streak
West Coast Paper Mills has announced a hike in ex-mill price of writing and printing products, as well as copier and cup stocks.
Shares of West Coast Paper Mills Ltd. rose more than 6%, and are on course to snap a five-day losing streak.
The company has announced a hike in ex-mill price of writing and printing products (all maplitho products except duraprint, dura leno, wesco bond, straw base, straw fold) to Rs 1,000 per tonne, according to a client note reviewed by BQ Prime.
The ex-mill price of copier products is also raised to Rs 1,500, while cup stock products' price will be at Rs 1,000.
The price increase will be applicable on despatch basis from Oct. 1.
West Coast Paper has yet to respond to BQ Prime's emailed queries.
The stock's trading volume was twice the 30-day average.