Paper stocks under pressure; JK Paper, Andhra Paper and others crash up to 7%. Here’s why

Coral Newsprints shares slumped 7% to ₹10.7 apiece, while West Coast Paper Mills dropped 5% to ₹219.5. JK Paper, Tamil Nadu Newsprint and Papers, Andhra Paper, Orient Paper, and South India Paper also declined between 3% and 5%.