Stock market analyst Rajesh Gupta of Fairwealth Securities has maintained 'buy' rating on Tamil Nadu Newsprint & Papers Ltd stock to achieve a target that lies between Rs 143.9-146.7.

According to analyst, the interested investors can buy the stock around Rs 139.7 with strict stop loss of Rs 137.3.

The stock of the company, on August 30, closed at Rs 140.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 150.70 and a low of Rs 71.50 on BSE.

Current EPS & P/E ratio stood at 22.06 and 6.28 respectively.

For the three month period ended June 2010, Tamil Nadu Newsprint & Papers Ltd announced that its standalone net profit increased by 5.58 times to Rs 398.70 million.

The company's standalone net profit for the period ended June 2009 stood at Rs 71.40 million.

The net sales of the company for the period under review grew by 62.26% to Rs 2,901.10 million.

The company's total income for the quarter under review climbed 62.19% to Rs 2,904.80 million as against same period of 2009.

TNPL has an EPS of Rs 5.76 per share during the quarter, up 5.59 times increase over 2009 period.