Buy Essel Propack, says Rajen Shah

Buy Essel Propack, says Rajen Shah, Angel Broking.

Shah told CNBC-TV18, "Essel Propack is not any Tom, Dick and Harry company. It was once sort of sought out midcap company. This I am talking about 2004, 2005 and 2006. If you see the aggregate turnover in these three years it was about Rs 900 crore and the profit was about Rs 90 crore. So the net profit margin was as high as 10% during those good days. But one thing I have observed in the market is that when a good company goes through a prolonged phase of non-performance it