West Coast Paper hits new high on healthy outlook; stock up 50% in a month

Shares of West Coast Paper Mills (WCPM) hit a new high of Rs 564.85, up 2 per cent on the BSE in Monday’s intra-day trade. In comparison, the S&P BSE Sensex was down 0.86 per cent at 59,135 points at 09:52 am. The stock has zoomed past 50 per cent in a month on strong earnings and healthy outlook. 

Meanwhile, in the past six months, the stock price of WCPM has more-than-doubled or soared 137 per cent, as against 3 per cent rise in the benchmark Sensex.

For the April-June quarter (Q1FY23), the company posted over five-fold jump in consolidated