Orient Paper has target of Rs 55, says Suhas Samant, Head PMS, Sharekhan.

Samant told CNBC-TV18, "Orient Paper has been in three segments; it is basically into cement, paper as well as electronic division. Company has missed completely on the cement and paper because they are making losses in the paper division and cement has gone down on volume basis by 6%. So Orient Paper has not given the expected result as expected. Electronic division has performed very well but it has been already negated by these two divisions. We have downgraded and revised the price target to Rs 55.”

Disclosure: Personally I am not holding the above stock but we are recommending to our clients.