Ballarpur Industries
Recommendation: buy at Rs 40
Anand Rathi Securities
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Anand Rathi Securities is bullish on Ballarpur Industries at Rs 40, with a price target of Rs 60. The acquisition of Sinar Mas has result in the company controlling large market share in high-end coated papers.
This apart, the recent hike in paper prices coupled with capacity expansion at a lower incremental capex will boost the company