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Polyplex Corporation share price: What makes this small-cap stock a multibagger – know triggers here
Polyplex Corporation - This multi-bagger small-cap stock has jumped around 150 per cent in the last one year. Zee Business comes out with an exclusive report stating the multiple triggers that are driving this packaging film business company.
What does the company do?
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Polyplex Corp is into the packaging film business and is included in the top PET (Polyester) player around the world, besides, it also has the seventh-largest capacity for Thin Polyester (PET) films in the world. Thin Polyester (PET) films with packaging are used in the healthcare and electric vehicle industry.
The company’s margins are likely to improve with the capacity expansion planned by the Polyplex Corporation.
What is the importance of Polyester Film
Polyester Film, one of the important key products of Polyplex Corp, is used in Lithium-Ion Battery, besides it is also used to control energy and power density and to increase the safety and life cycle of the battery.
Ethylene and Paraxylene are the two raw materials company uses to manufacture Polyester Film. Both of these raw materials are made from natural gas and crude oil. In this regard, the company benefits from the reduction in the price of crude oil and natural gas.
Better dividend track record
Polyplex Corporation is quite known for its better track record of giving dividends, as it has given dividends of Rs 320 per share since 2017 till now.
The counter on Wednesday ended flat with a positive bias to Rs 1851.7 per share on the BSE as compared to a 1.09 per cent rise in the S&P BSE Sensex. It made and high of Rs 1874 per share and Rs 1843 per share as day’s low today.
The scrip had hit a 52-week high of Rs 1961.4 per share on October 19, 2021. And, touched a 52-week low of Rs 655.1 per share on January 28, 2021.
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