Buy Uflex, target price Rs 387: Yes Securities

Yes Securities has buy call on Uflex Ltd. with a target price of Rs 387. Uflex Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 2654.49 Crore) operating in Packaging sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2111.09 Crore, down 5.52 % from last quarter Total Income of Rs 2234.46 Crore and up 17.20 % from last year same quarter Total Income of Rs 1801.33 Crore. Company reported net profit after tax of Rs 160.19 Crore in latest quarter.

Investment Rationale
Post a few days of consolidation, the stock has regained momentum on the upside. Positive follow-up action could mean resumption of uptrend.