2 Packaging Industry Companies To Invest Into
August 28, 2010 | In: Mid Cap Stocks, Stocks Analysis
Have you ever wondered why some products sell better than the others? Well packaging matters you know. If you are trying to sell a product, the sales will not be good unless you have a very attractive packaging. For example, If you try to sell a toothpaste in a plain looking tube or surf excel in a white plastic, nobody is going to purchase such a product. You need an attractive packaging that looks catchy to your eyes and your mind makes you purchase that because it just looks so nice. So the packaging industry is very important for all the products that are being sold in the market and thus is worth putting your money into.
I would like to discuss two stocks that good for investing in my opinion : -
Essel Propack
Essel Propack Products
Essel Propack is a small company and it makes tubes for packaging thick liquids, like toothpaste, cream etc. Their tubes are used as packaging for oral care, cosmetics, pharmaceuticals, food and technical products. It is a leader in its field and most of the tubes business is done by Essel Propack. Talking about the stock, the stock has a nice support around levels of 38-40 rupees and the resistance comes around 52-55 rupees. The stock was rallying in the past few days and corrected heavily on Friday. The levels of 45 or below will be a good time to invest into the stock.
Uflex Limited
Uflex Limited Products
Uflex Limited is one of India’s biggest flexible packaging companies that has existed in the industry for over 20 years now. It makes all kinds of flexible packaging products like Lays packet, cold drink bottles, shampoo pouches, sellotapes, medicine packets, cigarette packets etc. The company makes almost all kinds of packaging and excels in it. Regarding the stock price movements, the stock has been rallying like anything recently, the stock has gone up from 120 to almost 172 levels in a month from where it has faced a correction and it looks like that the stock is going to go up again from current levels of 160. It is definitely worth investing into at the current levels.
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