Scripscan:Star Paper Mills Ltd
Code:516022
cmp:35
Story:Star Paper Mills produces a large range of Industrial, Packaging and Cultural Papers catering to almost all segments of the Consumers. Star has a distribution network throughout the Country besides exporting products to neighboring countries. Company Mills are located at Saharanpur(U. P.), has 4 Paper Machines producing a large range of products catering to different segments and meeting varied requirements of the customers.Company manufactures its products at international quality standards. It has an R&D lab to assure consistent quality of products. To achieve this, monitoring is done starting with Raw Material to the final product and all intermediate processes. Star's Research & Development unit is recognized by Govt. of India, Ministry of Science and Technology and is equipped to facilitate development work. R & D studies are carried out to reduce costs, process improvements, product development etc.Company is planning to focus primarily on cost reduction and quality up gradation. Its R&D lab is in efforts to make new products for specialized markets. At current market price, stock is trading at only 5.14 P/E multiple of its FY2010 Estimated earnings. We recommend "Strong "BUY" on "Star paper" with medium to long-term investment prospective.
Source:Aj
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