Friends, I want to bring your attention to few interesting facts about Mold-tek packaging
- It seems to breach all the major DMAs in last few days
- The stock has seen a 100% increase in its price and 83% expansion in its PE.
- FII holding in the stock has gone up from 8.3% to 12% during this time
- DII holding has also gone up from 14.3% to 16.8%
- Public holding has come down from 42.3% to 37% (as expected in most scenarios)
- In Q1’ 22 they saw 55% Vols growth and 80% PAT growth
- Most of the demand growth is from Food and FMCG as expected however lubricant demand growth (especially for Diesel & CNG engines) was a surprise, per the management
- To fulfil demands of Western India customers, they are setting up another plant in Daman, since they mention that their current Daman plant is almost fully utilized
- This was the first ever quarter in which they achieved production of 9000MT in single quarter
- Gulf, Valvoline and Shell seem to be the 3 new major customer acquisitions from lube segment
- They are exploring an opportunity for Wipro in Malaysia.
- If the IBM project goes as discussed, they expect a major upside on volumes and profitability
No surprise - it has caught the frenzy of institutional investors - I hope retail investors catch it fast too.
@hitesh2710 bhai, are you watching this stock yet or no longer?
Disclaimer - Invested but looking to load more.
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