Buy Polyplex Corporation, target price Rs 2200: HDFC Securities
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Synopsis
Polyplex Corporation Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 5903.04 Crore) operating in Packaging sector.
By ETMarkets.com
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HDFC Securities has buy call on Polyplex Corporation with a target price of Rs 2200. The current market price of Polyplex Corporation is Rs 1867.75. Time period given by analyst is 3 months when Polyplex Corporation Ltd. price can reach defined target.
Polyplex Corporation Ltd. key Products/Revenue Segments include Plastic Film, Resins, Others, Export Incentives for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1567.17 Crore, up 8.30 % from last quarter Total Income of Rs 1447.12 Crore and up 26.38 % from last year same quarter Total Income of Rs 1240.04 Crore. Company reported net profit after tax of Rs 169.40 Crore in latest quarter.
Promoters held 50.97 per cent stake in the company as of 31-Dec-2021, while FIIs owned 9.29 per cent, DIIs 4.88 per cent.
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Polyplex Corporation Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 5903.04 Crore) operating in Packaging sector. Polyplex Corporation Ltd. key Products/Revenue Segments include Plastic Film, Resins, Others, Export Incentives for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1567.17 Crore, up 8.30 % from last quarter Total Income of Rs 1447.12 Crore and up 26.38 % from last year same quarter Total Income of Rs 1240.04 Crore. Company reported net profit after tax of Rs 169.40 Crore in latest quarter.
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Promoter/FII Holdings Promoters held 50.97 per cent stake in the company as of 31-Dec-2021, while FIIs owned 9.29 per cent, DIIs 4.88 per cent.
Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
