We recommended Ruchira Paper: Profits From Agri-Waste at Rs. 33 in Jul2015. In nearly 20 months, the stock has given a phenomenal performance and is trading at the current market price of Rs. 174. The stock has gone 5.5 times (450% gains) with dividends being extra. When we recommended Ruchira, it was very undervalued and has now entered into the territory of fair valuations. Ruchira is now quoting at 12 times its annualized recent quarter earnings.
Considering the returns, we suggest to Exit from Ruchira Papers and Book profits at Rs. 174 with 450% gains.