TNPL share price: Buy Tamil Nadu Newsprint And Papers, price target Rs 230 : HDFC Securities

HDFC Securities has a buy call on Tamil Nadu Newsprint And Papers Ltd. with a target price of Rs 230. The current market price of Tamil Nadu Newsprint And Papers is Rs 195.2. The time period given by the analyst is Intra Day when the price of Tamil Nadu Newsprint And Papers Ltd. can achieve the set goal.

Tamil Nadu Newsprint And Papers Ltd., incorporated in 1979, is a small capitalization company (having a market capitalization of Rs 1237.14 Crore) operating in the paper business.

Tamil Nadu Newsprint And Papers Ltd. Major products/revenue segments include writing and printing on paper, cardboard packaging, cement, notebooks, energy sales, scrap/waste, export incentives, coal , other operating revenue, printed sheets, burnt lime and limestone for the year ending March 31, 2021.

finance

For the quarter ended 31-12-2021, the company reported total standalone revenue of Rs 1092.41 Crore, up 15.96% from last quarter, total revenue of Rs 942.03 Crore and in up 91.73% from the same quarter last year, total revenue of Rs 569.75 Crore. The company reported a net profit after tax of Rs 0.91 Crore last quarter.

Investment rationale
Escape from the crucial resistance. Volumes have risen sharply and the weekly RSI is positive

Promoter/Fii Holdings
The promoters held 35.32% of the company’s capital as of December 31, 2021, while the FIIs held 0.99% and the DIIs 21.13%.

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About Raymond A. Bentley

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