Trending stocks: Uflex shares rise nearly 1%

NEW DELHI: Shares of Uflex Ltd. traded 0.56 per cent up in Thursday's trade at 10:21AM (IST). Around 3,865 shares changed hands on the counter.

The counter opened at Rs 217.5 and touched an intraday high and low of Rs 218.15 and Rs 214.65, respectively, in the session so far. The stock of Uflex Ltd. quoted a 52-week high of Rs 246.0 and a 52-week low of Rs 119.95.

Total market cap of the Uflex Ltd. stood at Rs 1550.02 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 1761.04 crore for the quarter ended 31-Mar-2020, down 1.8 per cent from previous quarter's Rs 1793.38 crore and down 10.78 per cent from the year-ago quarter's Rs 1973.77 crore.

The net profit for latest quarter stood at Rs 100.9 crore, up 43.3 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 0.01 per cent stake in the company, while foreign institutional investors held 5.51 per cent and the promoters 44.02 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 4.18 and a price-to-book ratio of 0.33. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Uflex Ltd. belongs to the Packaging - Metallic/Plastics/Others industry.