The Annual Report for 18-19 is bullish of the paper industry in general & of the Co.'s prospects in the current year. The Dividend has been raised to Rs. 5/- (including a special div of Rs. 3/-). The co. has investments in mutual funds of about 62 crs. The stock with an EPS of Rs. 34/- is available at below its book value of Rs. 143. It has a dividend yield in excess of 3.5% & its return ratios are the best in the industry.
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