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Buy Orient Paper; target of Rs 952: India Infoline
India Infoline is bullish on Orient Paper and Industries and has recommended buy rating on the stock with a target of Rs 952. Research firm expects the company to witness a 30.8% CAGR in net profit over FY07-10 driven by improving realizations across segments and firm operating margins.
India Infoline is bullish on Orient Paper and Industries and has recommended buy rating on the stock in its January 09, 2008 report. "We expect the company to witness a 30.8% CAGR in net profit over FY07-10 driven by improving realizations across segments and firm operating margins. At the current market price of Rs 727 the stock is trading at 5.2x and 4.8x FY09E and FY10E EPS of Rs 138.9 and Rs 152.2 respectively. We recommend BUY with a oneyear price target of Rs 952, an upside of 31%, "says India Infoline research report.
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