Polyplex Corporation Ltd up by 9.46%: Market Update By Espresso

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Espresso Shot of the Day - Polyplex Corporation Ltd up by 9.46 percent

April 08, 2022
Espresso Shot of the Day - Polyplex Corporation Ltd up by 9.46 percent

POLYPLEX CORPORATION LTD 2711.70  (+9.46%) BSE – INE633B01018 | 8THAPRIL 2022


Polyplex Corporation Ltd. (Polyplex) has the seventh-largest capacity of polyester (PET) films globally. Their polyester capabilities include both thin and thick PET films in a wide range of thickness and surface properties covering a spectrum of applications. Their diversified business portfolio also includes BOPP, Blown PP/PE and CPP films produced in state-of-the-art plants with economic size. The Integrated downstream capabilities of Metallizing, Holography, Silicone Coating, Offline Chemical Coating, Extrusion Coating and Transfer Metalized Paper deliver further value-added products. They have a global presence, supplying to about 1950 customers in 75 countries across Europe, the Americas, the Indian sub-continent, Far East, Asia Pacific and the Middle East.


Recent Drivers

  • On Mar 30, 2022, the company approved Re-appointment of MIs. RSM & Co., Company Secretaries.
  • On Mar 08, 2022, India Ratings affirmed Long term loans (Rs 56.25 crores) - IND AA-/ Positive
  • On Feb 18, 2022, the company reported Net Sales of Rs.1, 751.01 crores in December 2021, up 41.53% from Rs.1, 237.22 crores in December 2020.
  • On Feb 18, 2022, the company reported Quarterly Net Profit of Rs.175.46 crores in December 2021, up 33.57% from Rs.131.36 crores in December 2020.
  • On Feb 014, 2022, the company declared a third Interim Dividend of Rs.35 per equity share.

 (Sources: BSE, Moneycontrol, Business Standard)


Technical Force*

  • S&P BSE SmallCap month till date gain up by 5.49%
  • Traded on a new All-time high value 2749.00
  • 3 months avg. NSE volume: 212,200
  • Quantity traded: 45,549 | Deliverable Quantity: 12,047 (25.88%)
  • Stock price jumped by more than 250% from a one-year low level: 783.70 (Apr 13, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 2749.00 | 52-week-low: 783.70


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

3890.03

2999.02

2437.18

1546.17

984.33

93.32

-

    -

Fibonacci Pivot

2999.02

2444.03

2101.16

1880.32

1546.17

1212.01

991.18

648.31


    -


Today’s Close

2711.70

SMA

BSE

10 DAY

1777.66

20 DAY

2062.12

50 DAY

2300.48

200 DAY

2451.20


Some Key Ratios (Source: BSE)

Market Cap: 8,512.69 Crores

PE: 13.42

OPM%: 27.53

ROE%: 103.94

Promoters holding%: 50.97

Prev. Close: 2477.40


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.