Traders Corners Market Update: Cosmo Films Ltd. Soars 12.72% | Espresso

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Espresso shot of the day – Cosmo Films Ltd. up by 12.72 percent

January 28, 2021
Espresso shot of the day – Cosmo Films Ltd. up by 12.72 percent

COSMO FILMS LTD 502.00 (+12.72%)   BSE – INE757A01017| 28th JAN 2021

Binge Graph Cosmo Films

Cosmo Films Ltd. was established in 1981. The company today is a global leader in speciality films for packaging, lamination and labeling applications. Its films offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films and soon to be offered biaxially oriented polyethylene terephthalate (BOPET) films.

Recent Drivers

  • Cosmo Films Ltd. reported net Sales at Rs 572.31 crores in December Quarter 2020.
  • Net Profit at Rs 62.75 crores in December Quarter 2020 up 73.77% from Rs 36.11 crore in December Quarter 2019.
  • The company's board of directors have declared interim dividend of Rs 25 per share for FY21 and fixed February 8, 2021 as the record date.
  • Cosmo Films Ltd. engaged in containers and packaging business, posted highest-ever Ebitda of Rs 112 crores during Q3 FY21
  • The company’s subsidiary will soon start commercialisation of textile chemicals developed through in-house R&D.
  • The company’s sustainability drive is helping in reducing various wastages and carbon footprint and also contributing towards cost reduction.
  • In October 2020, the board of Cosmo Films Ltd. approved buyback of shares worth Rs 73 crores. The company will buyback Rs 12.67 lakh shares
  • The company has developed a new transparent printable BOPP film called "Teplor" with higher heat resistance.
  • Cosmo Films Ltd. is coming out with multiple product categories. The chemical plant is expected to start, which should help the company to ramp up revenue.
(Sources: Moneycontrol, BSE, Business Standard, Business Line, Cnbc TV18)

Technical Force*

  • S&P BSE SMALL CAP month till date down by -0.45%
  • Traded on new 52-week high value: 523.50
  • Spurt in volume by more than 28.83 times compares to previous volume, 3 months average volume is less than 1lakh.
  • Stock price has jumped more than 100% in one year low level – 185.6, 25 MAR 20
  • Daily RSI (14) is in overbought territory today
  • 52- week high – 523.50|52- week low – 187.20

 

Key Pivot 

(Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

877.00

684.20

571.20

378.40

265.40

72.60

-

-

Fibonacci Pivot

684.20

567.38

495.22

448.73

378.40

308.07

261.58

189.42

72.60

Today’s Close

502.00

SMA

BSE

10 DAY

448.03

20 DAY

448.24

50 DAY

447.48

200 DAY

385.02

Some Key Ratios (Source: BSE)

Market Cap: 975.89 crores

PE: 4.51

OPM%: 15.49

ROE%: 21.16

Prev. Close: 445.35


* Chart And Technical Force data taken 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.