Ongoing Pandemic surrounding all around has impacted demand for paper and paper boards which is likely to witness a 10-15 % Y-o-Y decline in 2020-21. In addition to this, the industry is also grappling with shortage of raw material and limited availability of labor, which are affecting capacity utilization. Besides, exports have also fallen to some extent. Though, expects a demand recovery in the second quarter with resumption of education and corporate sectors, driving demand for writing and printing paper and a gradual normalization of manufacturing and logistics, pushing packaging demand. If we take growth triggers into consideration, company...