CRISIL assigns fundamental grade 3/5 to Hitech Plast

CRISIL Research has come out with its report on Hitech Plast. The research firm has initiated coverage on Hitech Plast with a valuation grade of 5/5 and has maintained the fair value of Rs 132 per share.

Hitech Plast Ltd (Hitech) manufactures small and medium polymer containers used in packaging of paints, chemicals and FMCG. It is a leading player in plastic containers packaging for the paints industry. CRISIL Equities expects Hitech to benefit from the growth of end-user industries - paints, personal care, food and chemicals. However, its margins are vulnerable to volatility in polymer prices. We assign Hitech a fundamental grade of

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