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Oct 28, 2010, 08.41 AM IST
West Coast Paper Mills has target of Rs 150, says Sudeep Bandhopadhyay, Convexity Solutions.
Bandhopadhyay told CNBC-TV18, "West Coast Paper Mills currently is quoting around Rs 100 and I expect this company to touch the price of around Rs 150 within six to nine months. Company’s earning per share this financial year is expected to be Rs 14 and based on the prevailing comparable company multiples, we are very confident of achieving the price target suggested."
He further added, "The company’s expansion of capacity from 500 to 900 tonne per day happened during Q2 and that is helping the company to meet the increased demand in the economy. Company’s cost management has improved significantly and we expect the company to benefit from the cost economy also."
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