World · India Bureau
Indian stocks surge to 52-week highs led by West Coast Paper, PVR Inox
West Coast Paper Mills and several other Indian equities have reached their highest levels in a year, with the paper manufacturer surging over 110 per cent in 2026 despite broader market headwinds.
LSN India ·
West Coast Paper Mills emerged as the standout performer among Indian equities on Tuesday, hitting a 52-week high as it remained locked at the 20 per cent upper circuit limit at ₹873.40 per share. The stock's exceptional performance has seen it appreciate more than 110 per cent since the beginning of the calendar year 2026, substantially outpacing the broader market.
The rally in West Coast Paper Mills and other gainers marks a notable divergence from overall market performance. The BSE Sensex, India's primary stock market index, has declined 16 per cent during the same period, underscoring the selective nature of current market strength.
Multiple stocks reached 52-week highs during the trading session, including PVR Inox, Sky Gold, Neogen, PTC Industries, and KMEW. The broader participation among select equities suggests investor confidence in specific sectors and companies despite the challenging macroeconomic environment reflected in the Sensex's decline.
West Coast Paper Mills' sustained upward momentum reflects strong investor interest in the company, with the stock trading at the upper circuit limit indicating robust buying appetite that has outstripped selling pressure.