packaging stocks: Packaging stocks rally on supply shortage and rising input prices

The government has also issued a draft regulation that may lead to a ban on single-use plastic for candy and ice cream sticks and film wraps around sweet boxes and cigarette packets.

Synopsis

B&K Securities said BOPP prices in February surged 16 per cent from the previous month on account of supply constraints and an increase in raw material prices. Experts said supply shortage has led to an improvement in the spreads.

Mumbai: Shares of container and packaging makers continued their winning run on Monday following the strength in speciality chemical prices including that of BOPP (Biaxially Oriented Poly Propylene) films. Shares of Cosmo Films, Jindal Poly films and Uflex surged 4-8 per cent on Monday.

B&K Securities said BOPP prices in February surged 16 per cent from the previous month on account of supply constraints and an increase in raw material prices.

ET Bureau

Mar 16, 2021, 07:38 AM IST