Uflex rises 5% on healthy Q4 results

Uflex Limited, a packaging company, during Wednesday’s trading sessions has clocked gains of over 5% as the company registered a steep rise in net profit in the fourth quarter of 2017.

May 31, 2017 05:05 IST India Infoline News Service

Uflex
Uflex Limited, a packaging company, during Wednesday’s trading sessions has clocked gains of over 5% as the company registered a steep rise in net profit in the fourth quarter of 2017.
 
The company’s net profit witnessed a rise by 25.62% to Rs 98.19 crore as against to Rs 78.16 crore in the year-ago quarter.
 
The total income for the quarter rose 11% to Rs 1,709.77 crore, compared to Rs 1,540.33 crore in the corresponding quarter of last year.
 
The multi-bagger stock has gained as much as 240% in the last three years and has risen 84% in the last one year.
 
The stock has delivered 84% returns in a period of one year and has outperformed the BSE Small cap and Nifty Commodities indices in the same time period.

Stock view:
 
Uflex Ltd is currently trading at Rs 345.05, up by Rs 9.35 or 2.79% from its previous closing of Rs 335.7 on the BSE.
 
The scrip opened at Rs 339 and has touched a high and low of Rs 354 and Rs 339 respectively. So far 210909(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2424.09 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 393.85 on 17-May-2017 and a 52 week low of Rs 187 on 31-May-2016. Last one week high and low of the scrip stood at Rs 361.6 and Rs 333 respectively.
 
The promoters holding in the company stood at 44.02 % while Institutions and Non-Institutions held 11.27 % and 44.71 % respectively.
 
The stock is currently trading above its 50 DMA.

Related Story