Paper Products has target of Rs 80: Chhabria

Equity Analyst, Sanjay Chhabria is of the view that Paper Products has target of Rs 80.

Chhabria told CNBC-TV18, "Paper Products is India’s a leading manufacturer of primary consumer packaging and labelling materials with a 65% market share in the organized segment. The company is a 59% subsidiary of Huhatamake Vanleer of Finland who is the global leader in consumer packaging. The parent is amongst the top 10 consumer packaging companies in the world. In India Paper Products serves as a one stop shop for a wide array of consumer packaging catering the packaging needs of the entire FMCG segment."

He further added, "Looking at the Q1 results, it is likely to post an EPS of Rs 5,70 for the year ending December 2008 and I have a price target of Rs 80 for the stock. It is the derived play on the FMCG Industry; it’s a play on India’s long-term GDP growth and the performance of the FMCG sector."

 Disclosure: Analyst does not hold stock personally, but the subscriber to his newsletter might be holding .