Mehta Equities issued a Accumulate/Buy call on Moldtek Packaging. The stock broker recommended stock with a target price of Rs 300 against market price Rs 174.
Commenting on the investment rationale stock broker said, "We believe Moldtek stands out to be the leading player to capture the rising demand of rigid plastic usages in the organized retail space. High replacement market and better utilization of assets gives a good investment opportunity for healthy returns. At the CMP, the stock is trading at a PE(x) valuation 11x FY15EPS of Rs 15.1 and 8x FY16EPS of 21.3."
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