Stationery Sector Buzz: DOMS, Flair, and Kokuyo Camlin Witness Over 10% Surges

In December, a flurry of IPOs hit the market, bringing joy to investors through favourable listing gains. However, one particular IPO has emerged as a standout in the stationary sector, capturing our focus today. No prizes for guessing, it’s none other than DOMS Industries.

Founded in 2006 as “Writefine Products,” Doms Industries evolved into a leading stationery and art maker with a dominant 12% market share in India. They boast a diverse product portfolio under brands like “DOMS,” “C3,” and “Amariz,” fuelled by innovative R&D and a robust pan-India distribution network. From pencils to paints, Doms caters to evolving customer needs and aspirations, ensuring their vibrant products reach over 45 countries worldwide. In just a few words, Doms is a powerhouse of creativity, bringing colour and expression to every corner of the globe.

DOMS market journey

DOMS Industries Limited has embarked on a fascinating journey since its listing on December 20, 2023. The stock, soaring with a 77% listing premium, made headlines by hitting a high of Rs 1434. However, just nine days later, on December 29, it experienced a low of Rs 1245, adding a layer of unpredictability to its early market performance.

Fast forward to January 11, 2024, and DOMS Industries is breaking records again. Thursday morning saw the stock surpassing its previous high, reaching an impressive Rs 1537.35. This swift ascent not only set a new benchmark but also delivered over 10% returns in a single day, capturing the attention of investors.

Let’s explore the current performance of other stationery stocks.

Flair Writing Industries

Incorporated in 2016, Flair Writing Industries (Flair) has established itself as a key player in the writing instruments industry. Currently ranking among the Top 3 players.

Flair ventured into the stock market on December 1, 2023, at Rs 501. However, the stock has experienced a correction of over 25% and is presently trading at Rs 353.

Flair, a direct competitor of DOMS, entered the market in the same month, setting the stage for a captivating rivalry in the stationary sector.

Kokuyo Camlin

With roots dating back to 1946 as “Camlin Private Limited,” Kokuyo Camlin Limited underwent a transformative collaboration with Japanese technology brand Kokuyo in 2011. Specializing in scholastic products, writing instruments, notebooks, and other stationery items, Kokuyo Camlin has been a stalwart in the industry.

Despite its historical significance, Kokuyo Camlin hasn’t been immune to market corrections. Experiencing a dip from the December highs of Rs 178, the stock now stands at Rs 141 per share, reflecting a correction of over 20%.

In Conclusion

DOMS Industries’ roller-coaster journey in the stock market mirrors its resilience and adaptability in the competitive stationery sector. As it continues to break its own records, investors are keenly watching how this industry giant navigates the ever-evolving market landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.