We recommended Orient Paper: Summer Time at the Price of Rs. 11.75 on 23Dec2013. We recommend to book complete profits at the current market price of Rs. 41-42 with 253% returns (3.5 times).

The company has been trying to focus on improving the paper business operations along with growing electrical business. The company has neither accepted nor denied the possibility of a demerger of Paper Business and Electrical Business. However, our sell view is considering fast appreciation without significant improvement in its results.

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