Networth Capital is bullish on Orient Paper and Industries and has recommended buy rating on the stock with a target of Rs 92.
“Orient Papers & Industries (consolidated) is currently trading at $69 EV/tn is at a steep discount of 35% to the peer group. The current price reflects the value of only the cement business, whilst paper, electricals, investments and land are virtually ‘free’. With significant cost advantage, turnaround in paper business, promising electrical division outlook and significant investments, we initiate coverage on the stock with a BUY rating and a SOTP price target of Rs 92 per share," says
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