Buy Cosmo Films, target Rs 450: IIFL

IIFL has Buy call on Cosmo Films Ltd. with a target price of Rs 450.0. The current market price of Cosmo Films Ltd. is 383.1. Time period given by analyst is Quarter, when Cosmo Films Ltd. price can reach defined target. IIFL thinks if there is going to be one big winner of the GST, it is going to be packaging industry. On an equity of roughly Rs 20 crore, they did a profit of close to Rs 100 crore. So, at Rs 50 EPS, it is still trading at less than eight times. Given the commodity cycle and the expansion, the company reaching levels of Rs 450 by the end of the year is definitely on the cards