Buy Pudumjee Paper Products with a target Rs 34, says Nirmal Bang Securities

Nirmal Bang Securities has Buy call on Pudumjee Paper Products Ltd. with a target price of Rs 34.0 .The current market price of Pudumjee Paper Products Ltd. is 30.25 Time period given by analyst is Intra Day when Pudumjee Paper Products Ltd. price can reach defined target. Nirmal Bang Securities recommended to keep stoploss at Rs 27.0 .

Pudumjee Paper Products Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of ₹ 258.74 Cr.) operating in Paper sector.

Pudumjee Paper Products Ltd. key Products/Revenue Segments include Paper which contributed ₹ 420.10 Cr to Sales Value (84.91 % of Total Sales), Traded Goods which contributed ₹ 60.90 Cr to Sales Value (12.31 % of Total Sales), Processing Charges which contributed ₹ 11.44 Cr to Sales Value (2.31 % of Total Sales), Miscellaneous Sales which contributed ₹ 1.16 Cr to Sales Value (0.23 % of Total Sales), Other Operating Revenue which contributed ₹ 1.12 Cr to Sales Value (0.22 % of Total Sales)for the year ending 31-Mar-2016.

The company’s CEO is Mr.V P Leekha. It's Board of Directors include Mr.Vinay Jadhav, Dr.Ashok Kumar, Mr.A K Jatia, Mr.Basant Kumar Khaitan, Mr.H P Birla, Mr.Nandan Damani, Mr.S K Bansal, Mr.V K Beswal, Mr.V P Leekha, Mr.Vinay Jadhav, Mrs.Madhu Dubhashi. Company has its registered office at Thergaon, Chinchwad, Pune, 411033, Maharashtra. Company has Khare & Co. as its auditors. As on 31-12-2016, the company has a total of 94,950,000 shares outstanding.