Uflex is well-positioned to catapult into the next growth phase given resilient end-markets and sustainable manufacturing initiatives. MC Pro suggests investors to consider it as a long-term buying opportunity. Should you buy? Watch the video to find out.
Uflex enjoys global reach in the flexible packaging industry and is gearing up for a new phase
Even as packaged consumer goods companies are struggling with unchecked inflation in several key inputs, such as palm oil, and crude-linked derivatives, packaging costs have jumped significantly in the last one year.
Going ahead the volatility is expected to remain a part of intraday journey and traders will have to remain on toes, says Gaurav Bissa of Trustline Securities.
Here's what Malay Thakkar of GEPL Capital, recommends investors should do with these stocks when the market resumes trading today.
Ulfex said it posted consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) dropped 10.2 percent YoY to Rs 424.5 crore for the September 2021 quarter.
The chemicals business of UFlex secured a patent on 'A process for the preparation of Epoxy Ester Resin, the company has said.
The company had posted a net profit of Rs 70.41 crore during the January-March quarter of the previous fiscal, Uflex said in a regulatory filing.
Uflex revenues could grow 12-15% in FY21, as new projects are commissioned during the year, Rajesh Bhatia, Group President (Finance & Accounts) & CFO UFlex told Moneycontrol
Total income during the quarter under review fell 9.07 percent to Rs 1,801.33 crore as against Rs 1,981.09 crore in the corresponding quarter of the previous fiscal.