• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The Rs 10-face valued Tamil Nadu Newsprint stock, which closed at Rs 99.30 on the NSE, is being perceived by some sections as a fairly decent value proposition. The stock closed at the BSE at Rs 99.50, a gain of 4.85 per cent with improved volume of 58,200 shares against its two-week average of about 14,200 shares.

Analysts, however, have remarked the company's net sales for Q1 of fiscal 2007 is a tad below expectations. They nevertheless expect that company to shore up inventory in view of a rise in paper prices. Its healthy EBIDTA margins are also in focus. It is estimated that the EPS figures will stand at Rs 15.2 and Rs 18.9 respectively in fiscal 2007 and fiscal 2008.

The current price is quite lower than its 52-week high of Rs 137.95. As of July end, Reliance Growth Fund holds 32.3 lakh shares in the company and Pru ICICI Discovery Fund 15 lakh shares suggesting active fund participation, say marketmen.

Nilanjan Dey

More Stories on : Stock Markets | Stocks | Ear to the ground | Paper | rd & Newsprint

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bay system may remain stationary

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line