Ballarpur Industries
Recommendation: buy at Rs 40
Anand Rathi Securities
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
