AgenciesRelated
HDFC Securities has 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. Time period given by analyst is Intra Day when Tamil Nadu Newsprint And Papers Ltd. price can reach defined target.
Tamil Nadu Newsprint And Papers Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 1237.14 Crore) operating in Paper sector.
Tamil Nadu Newsprint And Papers Ltd. key Products/Revenue Segments include Paper Writing & Printing, Packaging Board, Cement, Notebooks, Sale of Energy, Waste/Scrap, Export Incentives, Coal, Other Operating Revenue, Printed Sheets, Burnt Lime & Lime Stone for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 1092.41 Crore, up 15.96 % from last quarter Total Income of Rs 942.03 Crore and up 91.73 % from last year same quarter Total Income of Rs 569.75 Crore. Company reported net profit after tax of Rs .91 Crore in latest quarter.
Investment Rationale
Breakout from crucial resistance. Volumes have expanded sharply and weekly RSI is positive
Promoter/FII Holdings
Promoters held 35.32 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.99 per cent, DIIs 21.13 per cent.
Tamil Nadu Newsprint And Papers Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 1237.14 Crore) operating in Paper sector.
Tamil Nadu Newsprint And Papers Ltd. key Products/Revenue Segments include Paper Writing & Printing, Packaging Board, Cement, Notebooks, Sale of Energy, Waste/Scrap, Export Incentives, Coal, Other Operating Revenue, Printed Sheets, Burnt Lime & Lime Stone for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 1092.41 Crore, up 15.96 % from last quarter Total Income of Rs 942.03 Crore and up 91.73 % from last year same quarter Total Income of Rs 569.75 Crore. Company reported net profit after tax of Rs .91 Crore in latest quarter.
Investment Rationale
Breakout from crucial resistance. Volumes have expanded sharply and weekly RSI is positive
Promoter/FII Holdings
Promoters held 35.32 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.99 per cent, DIIs 21.13 per cent.
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