Orient Paper – Share tips intraday

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A Kolkata-based knowledgeable stock broker recommends buying Orient Paper at every decline for medium- to long-term rewards. The company has reported a net profit of Rs. 83.44 crore on a turnover of Rs. 1040.50 crore for the first half of the current fiscal against a net profit of Rs. 34.74 crore on a turnover of Rs. 824.51 crore for the corresponding period last year. For the entire 2010-11, the company had posted a net profit of Rs. 143.10 crore on a turnover of Rs. 1959 crore. Equity capital of Rs. 19.29 crore is supported with free reserves of Rs. 940 crore making it a bonus candidate as well, the broker points out.

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