When FMCG, pharma etc stocks are trading @50 times their current earnings and 10 times their current Market cap...
How can their suppliers from packaging industry stocks trade @just 3 times their current earnings and 0.5 to 1 times their current market cap ??
1. Hubli plant has commenced operation in this quarter which will boost topline growth
2. Good domestic demand (uflex serves 49% of domestic market)
3. During interview management has given 17% EBITDA guidance for Q3 if crude stays around 80$ range (Q2 EBITDA was 12%)
4. Debt of Rs 500 Cr will be repaid every quarter (current debt - 3000cr)
5. RSI Oversold, 1 week timeframe MACD support
How can their suppliers from packaging industry stocks trade @just 3 times their current earnings and 0.5 to 1 times their current market cap ??
1. Hubli plant has commenced operation in this quarter which will boost topline growth
2. Good domestic demand (uflex serves 49% of domestic market)
3. During interview management has given 17% EBITDA guidance for Q3 if crude stays around 80$ range (Q2 EBITDA was 12%)
4. Debt of Rs 500 Cr will be repaid every quarter (current debt - 3000cr)
5. RSI Oversold, 1 week timeframe MACD support