Whether it is power, infrastructure, railways, the list of sectors which are witnessing a “second innings” in terms of them making a comeback on fundamental operating parameters is getting longer. While some get into headlines because of their sheer size. There are some sectors like paper where there has been a turnaround after decades of headwinds. Probably it is a more sustainable turnaround because it has taken place through Darwin theory, which is the survival of the fittest player. How do they do it ? Either by changing the way they operate in terms of management ability, by adding new products or any others. From being troublemakers to the banking system to announcing expansion in new products. There are many things which have gone into making the paper companies a much stronger and better place than what they were a couple of years ago. Street is showing signs of shedding the bias against them, with a few stocks attracting institutional investors in the last few quarters. Probably these are the set of stocks which investors who have an appetite for logical risk.
