Sandeep Jain recommends buying this midcap packaging stock: Check rationale and target
Packaging stock to buy: Sandeep Jain has recommended buying midcap packaging scrip EPL Ltd.
)
12:51 PM IST
Indian equities in Friday's trade have staged a smart recovery from the day's low after Nifty was dragged to 24,473 levels. Meanwhile, Bank Nifty also erased some of its early losses, with the index trading at 55,513.5 as at the last count.
So, even as the market momentum looks to be dominated by weak global cues with the rise in the crude price and heightening geopoltical tensions, Sandeep Jain of Tradeswift Broking has suggested buying one scrip from the packaging space.
The mention on the scrip has been made in a special session aired on Zee Business titled 'Sandeep Jain's Gems'.
The expert held that the company was taken over by the world's leading alternative asset manager - Blackstone.
As of the last count, at around 11:51 am, the stock traded higher by 1.71 per cent or Rs 4.1 at Rs 243.2 apiece on the BSE, while at the day's high it scaled levels of 245.8 in a weak market today.
EPL: Why you should buy this stock?
The market analyst that the company has a strong pedigree with high FII, DII shareholding. FIIs in the March quarter increased stake in the company from 14.94 per cent in the March quarter to 16.51 per cent in Mar 2025 quarter.
Total FII, DII stake in the company is at a hefty between 24-25 per cent. Also, if we look public shareholding, Ashok Kumar Goel holding 4.81 per cent stake in the company.
Strong financials
The company has been reducing its debt for quite a while, with debt to equity ratio lowered to 0.29. Also, the company has been giving good results.
Company focusing on research as well as cost-efficiency
The company has been focused on research as well as looking at achieving cost-optimisation. As a result, better operating profit margins have been realised by the company.
EPL financial earnings
The expert goes on to highlight the company's robust results with profit after tax at Rs 116 crore, with component of other income being low.
EPL Ltd. buy price level and target
The expert suggest buying the stock at the current price level as the stock has slumped sharply from its 52-week high price of Rs 289.7 per share. The expert suggests buying in the scrip for a target of Rs 290.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
6 Stocks To Buy For Short Term: Analysts suggest buying largecap, smallcap scrips for 2 weeks; ICICI Prudential Life Insurance on the list
5 Stocks to buy for long term: Analysts recommend largecap, midcap scrips; Karur Vysya Bank, Petronet LNG on the list
Should you buy Exide shares now? Fundamental stock picks and more 
5 Stocks To Buy For Short Term: Analysts suggest buying largecap, midcap scrips for 2 weeks; Jyothy Labs on the list
Stocks To Buy For Long Term: Mirae Asset Sharekhan picks SBI, DLF and 2 more scrips for long term; check out targets
