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We had initiated coverage on West Coast Paper Mills Ltd on November 13, 2020 at a market price of Rs. 159 for a target price of Rs.192, showcasing an upside of ~21%.

West Coast is currently trading at a market price of Rs.194, above our target price. Since the stock has breached our target price and yielded our expected return, we advise investors to book profits at current levels and change our rating for West Coast Paper to Neutral.

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