Buy Mold-Tek Packaging Ltd. with a target of Rs 260 – Kotak Securities Limited

Kotak Securities Limited has Buy call on Mold-Tek Packaging Ltd. with a target price of Rs 260 . The current market price of Mold-Tek Packaging Ltd. is 190.45 . Time period given by analyst is year when Mold-Tek Packaging Ltd. price can reach defined target. Kotak Securities Limited says Mold Tek Packaging is a leading manufacturer of high-quality rigid plastic packaging products nd a pioneer is Inject Mold Labelling (IML) for lubricants, paints and FMCG industry. Mold Tek Packaging stands to gains in the coming years from the increasing share of IML, The stock trades at 12.5x FY18E earnings, and on EVEBITDA,
It trades at 7.5x FY18E.