Expect upmove in Orient Paper, HeidelbergCement: Jani

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Expect upmove in Orient Paper, HeidelbergCement: Jani

Expect upmove in Orient Paper and, HeidelbergCement, says Hemang Jani, Sr Vice President, Sharekhan, ECR.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Hemang Jani See what other Experts & Brokerages are saying about Orient Paper See messages about Orient Paper Orient Paper BSE | NSE 30/05/12 Are Mutual Funds betting on Orient Paper? Other Stocks in this news HeidelbergCement India |

Expect upmove in Orient Paper and HeidelbergCement , says Hemang Jani, Sr Vice President, Sharekhan, ECR.

Jani told CNBC-TV18, "We think that overall growth in cement is pretty strong, which is reflected in the dispatch numbers. We think that after the price hike we have seen in Northern markets, Western and Southern markets could see a hike of about Rs 10-15 per bag. So some of the smaller companies like Orient Paper, HeidelbergCement India are the ones where we think that their valuation gap is actually very heavy and there could be some kind of an upmove there."

Orient Paper trailing 12-month (TTM) EPS was at Rs 6.25 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 9.00. The latest book value of the company is Rs 39.75 per share. At current value, the price-to-book value of the company was 1.42. The dividend yield of the company was 2.67%.

Disclosure: It would be safe to presume that I and my company have interest in the above stocks.