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We had Re-instating Coverage on Uflex Ltd on June 17, 2022 at a market price of Rs.552 for a target price of Rs.737, showcasing an upside of ~34%. With the recent run-up in the share price, the stock is currently trading at a high of Rs. 725 nearing our target price giving an upside of ~31%. We advise our investors to book profits at current levels as we close our recommendation on the stock and change our rating to NEUTRAL. To Read Complete Report & Disclaimer&n...
Neutral Uflex Ltd For Target Rs.737 - Sushil Finance
PROXY PLAY ON THE DOMESTIC FMCG AND PHARMA SECTOR. The company’s business operations almost entirely depends on the growth in the FMCG and Pharma sectors as they are the largest consumers for the products manufactured by Uflex. By the year 2025, the FMCG sector is expected to grow at a CAGR of 15% to USD 220 Bn and owing to the effects of the pandemic the pharma sector is also expected to rise to USD 65 Bn by 2024 and USD ~120 Bn by 2030. Owing to the growth in the Pharma and FMCG se...
Buy Uflex Ltd For Target Rs.737 - Sushil Finance
We had initiated coverage on Uflex Ltd. with a BUY rating on 19-07-2021 at Rs.530 for a target price of Rs. 731 showcasing an upside of ~38%. With the recent run-up in the share price and considering the volatility in the market, we recommend our investors to book profits at the current price as we close our coverage on the company. At CMP of Rs.703, the stock has generated ~33% returns from our initiating recommendation and we change our rating to Neutral. To Read Complete Repor...
Buy Uflex Ltd For Target Rs.731 - Sushil Finance
Uflex Ltd. has reported numbers for the quarter and nine months ended Dec’21. Following are the highlights of the result. * Total production volume surpassed its previous record to reach 153,441 MT in Q3FY22 witnessing a jump of 38% YoY whereas total sales volume mirrored the 38% YoY increase to reach 154,224 MT. The increase in volumes was primarily due to increase utilizations and debottlenecking of plants. * Utilization levels for all the plants is 95% except Nigerian...
Buy Uflex Ltd For Target Rs.731 - Sushil Finance
Uflex Ltd. has reported numbers for the quarter and half year ended Sept’21. Following are the highlights of the result. * Packaging Films production witnessed a jump of 33.5% YoY to reach 124,670 MT in Q2FY22, while Packaging Films sales witnessed an increase of 41.6% YoY to reach 122,321 MT. Overall sales volume for the quarter was up by 31.5% YoY. * Newly commissioned plants in Hungary, Egypt, Russia & Poland are operating at near full capacity, while the plant in Nigeria (...
Buy Uflex Ltd For Target Rs.731 - Sushil Finance
Canara Bank * On the weekly chart, the stock has witnessed a “Triangle” formation breakout around 170 levels indicating resumption of earlier up move * The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments * Rising volumes at breakout zone signals increased participation * The stock is in up trend forming a series of higher tops and bottoms * The daily and weekly strength indicator RSI is in bullish ...
Weekly Tech Picks - Canara Bank Ltd, BSE Limited, Nocil Ltd, Bharat Heavy Electricals Ltd, Uflex Ltd By Axis Securities
Proxy play on the domestic FMCG and Pharma sector. The company’s business operations almost entirely depends on the growth in the FMCG and Pharma sectors as they are the largest consumers for the products manufactured by Uflex. By the year 2025, the FMCG sector is expected to grow at a CAGR of 15% to USD 220 Bn and owing to the effects of the pandemic the pharma sector is also expected to rise to USD 65 Bn by 2024 and USD ~120 Bn by 2030. Owing to the growth in the Pharma and FMCG se...
Buy UFLEX Ltd For Trarget Rs. 731 - Sushil Finance
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