Stock market analyst Rajesh Gupta of Fairwealth Securities has maintained 'buy' rating on Tamil Nadu Newsprint & Papers Ltd stock with target of Rs 143.4.

According to analyst, the interested investors can buy the stock around Rs 136.55 with stop loss of Rs 134.5.

The stock of the company, on August 16, closed at Rs 140.85 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 22.06 and 6.44 respectively.

The share price has seen a 52-week high of Rs 141.95 and a low of Rs 71.50 on BSE.

Tamil Nadu Newsprint & Papers Ltd said that its quarterly standalone net profit rose 5.58 times to Rs 398.70 million as compared to Rs 71.40 million in April-June quarter of 2009.

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

The company's total income climbed up 62.19% to Rs 2,904.80 million as against the prior year period.

TNPL has recorded earnings of Rs 5.76 per share in the three month period ended June 30, recording 5.59 times increase over 2009 period.

TNPL makes, markets, and exports newsprint, and printing and writing paper utilizing sugarcane pulp in the country.