Home Share Market Small Cap packaging stock is trending today – Buy or Sell

Small Cap packaging stock is trending today – Buy or Sell

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Cosmo First Share price

With the Indian stock exchange hitting an all-time high, this small-cap stock surged 6%.

On November 29, the marketplace is trading in eco-friendly scaling new lifetime highs. At midday, the S&P BSE Sensex is trading at 62771, up 0.43%, while NIFTY50 is trading at 18,645.55, up 0.45%. Regarding sectoral performance, FMCG as well as Consumer Durables are the leading gainers, while Funding Item and Oil & Gas are amongst the top losers. Discussing stock-specific action, Cosmo First Ltd is amongst the leading gainers in BSE group ‘A’.

The shares of Cosmo First rose 6% as well as are trading at Rs 797.15. The supply opened at Rs 760 and made an intraday high and low of Rs 814.2 and also Rs 757.95, specifically. However, over the last six months, the stock has fallen dramatically by around 35% from Rs 1230 to Rs 800.

Yesterday, the company disclosed its plan to set up a board of participants fulfilling on December 1 to review the proposition for the buyback of its equity shares. This news instilled positive beliefs around the supply.

Cosmo First Ltd is a global leader in speciality movies for packaging, lamination as well as labelling applications. Its movie offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) movies, and also polyethylene terephthalate (BOPET) films. They are the largest BOPP movies exporter from India and also the world’s largest supplier of thermal lamination films.

FY22 was the biggest year for the firm in terms of both profits produced as well as internet revenue made. The FY22 earnings and web profit stood at Rs 3038 crore as well as Rs 397 crore, specifically.

The company has a market capitalisation of Rs 2183 crore as well as is trading at a PE multiple of 6.25 x. The scrip has a 52-week high and low of Rs 1428 and also Rs 658, specifically.

Concerning the shareholding pattern, 44.25% of the risk is possessed by the marketers, 28.32% by the non-institutional investors, 5.83% by FIIs, and the rest 0.94% by DIIs.

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