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Last Updated : Jan 06, 2016 09:44 AM IST | Source: Moneycontrol.com

Buy TPL Plastech; target of Rs 300: Firstcall

Firstcall is bullish on TPL Plastech and has recommended buy rating on the stock with a target price of Rs 300 in its research report dated January 4, 2016.

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Firstcall's research report on TPL Plastech

TPL Plastech Limited is an India-based manufacturer of plastic products. The Company offers narrow mouth drums of around 210, 235 and 250 liters capacity. It offers narrow mouth and wide mouth carboys, including around 25 and 35 liters narrow mouth, 50 liters rocket type, 50 liters wide mouth, 50 liters two opening, 100 liters narrow mouth and 100 liters wide mouth. The Company provides open top drums-bulk and medium with capacities of around 35, 50, 60, 210 and 235 liters. It also offers polyethylene (PE) pipes in various material grades PE-63, PE-80 and PE-100 in range of 20 millimeter outer diameter (OD) to 280 millimeter OD. The Company's PE pipes are capable of handling semi-solid and gaseous effluents, and are used in applications, such as portable water services or distribution lines, sewerage and drainage, cable ducting, natural gas distribution, irrigation, waste disposal, industrial application and offshore pipeline installation.

We recommend ‘BUY’ in this particular scrip with a target price of Rs. 300.00 for Medium to Long term investment.

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First Published on Jan 6, 2016 09:44 am