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POLYPLEX CORPORATION LTDPOLYPLEX CORPORATION LTDPOLYPLEX CORPORATION LTD

POLYPLEX CORPORATION LTD

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POLYPLEX trade ideas

POLYPLEX : Expecting a minimum of 20% in the near termPros 1. Dividend yield of 6.92% is being offered at the current levels which is very attractive especially for a small cap company. 2. The products have multiple usage across various industries since they are mainly into plastic packaging business. 3. Inflation and war scenarios in US and Russia has effected the demand and in turn effected their profit margin. 49% of their revenue in FY 22 was from US and Europe. So since these situations are over to some extend the demand is likely to grow in upcoming quarters. Cons 1. Cyclical nature of plastic film sector. 2. If crude oil prices increase then the price of resin increases which is a byproduct of refining crude. This resin is the main raw material for producing plastic films. Conclusion Already had the position in the portfolio for quite a while for about 3.75% of the capital. Added one more 1.25% of the capital and summed up the total holding to 2.5%. Will hold onto the position for a minimum of 20% move to the top of the channel and depending on the market conditions at that time I might even consider holding it further.
NSE:POLYPLEX
by Sniper-Traders
Polyplex can playwell from herePolyplex Corporation Ltd. has the 7th largest capacity of polyester film globally. The company supplies it’s products to 2650+ customers in 75 countries across Europe, America, Far East, Asia Pacific, Middle East and The Indian sub-continent. Polyplex Corporation CMP is 1357.65. Negative aspects of the company are declining annual net profits, declining cash from operations annual and FIIs are decreasing stake. Positive aspects of the company are no debt and zero promoter pledge. dividend yield of Polyplex at CMP is 7.8%. Entry can be taken after closing above 1364. Targets in the stock will be 1395 and 1439. Long term target in the stock will be 1487 and 1536. Closing above 1537 can take a stock to very long-term target of 1650. Stop loss in the stock should be maintained at closing below 1263.
NSE:POLYPLEXLong
by Happy_Candles_Investment
Polyplex IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
BSE:POLYPLEX
by Sunstorminvest
On breakout above 746 it may test 830Price is printing on upward direction. 2nd time price has taken support on the uptrend line and consecutive 2 days printing higher high. Today there was upward move with increased volume during opening bell of the market. After that, price has traded in tight range during rest of the day. If there is break out above 746 level with increased volume price may test the level near 830. May add this stock near 746 with the target of 830 for short term.
NSE:POLYPLEXLong
by tathoi