Uflex Receives 'Buy' Rating from MarketsMOJO, Shows Strong Growth in Net Sales and Profits

Uflex, a midcap company in the packaging industry, has recently received a 'Buy' rating from MarketsMOJO on August 28, 2024. This upgrade is based on the company's strong long-term growth, with an annual growth rate of 11.60% in Net Sales and 17.01% in Operating Profit.
In addition, Uflex has shown positive results in the quarter ending June 24, with a growth of 82.6% in PAT(Q) and 73.2% in PBT LESS OI(Q). Its NET SALES(Q) also reached a record high of Rs 3,653.75 crore.

Technically, the stock is in a bullish range and has generated a return of 49.13% since June 26, 2024. Multiple factors, such as MACD, Bollinger Band, KST, DOW, and OBV, indicate a bullish trend for the stock.

Moreover, Uflex has an attractive valuation with a ROCE of 5.4 and an Enterprise value to Capital Employed ratio of 0.9. It is currently trading at a discount compared to its historical valuations. In the past year, the stock has generated a return of 103.14%, while its profits have increased by 87.8%. The PEG ratio of the company is also at a low 0.2.

Institutional investors have also shown an increasing interest in Uflex, with a 0.58% increase in their stake in the previous quarter. They currently hold 8.75% of the company, indicating their confidence in its fundamentals.

Uflex has also outperformed the market, with a return of 103.14% in the last year, compared to the market (BSE 500) return of 39.22%. With a market cap of Rs 5,551 crore, it is the second largest company in the packaging sector, constituting 22.18% of the entire industry. Its annual sales of Rs 13,759.12 crore also make up 57.50% of the industry.

Overall, Uflex is a strong midcap company in the packaging industry with a positive outlook and strong fundamentals. Its recent 'Buy' rating from MarketsMOJO further solidifies its position as a promising investment opportunity.