Call Update for UFLEX (2nd target also achieved)

powerfulpicks call update: When I had stumbled upon UFLEX in late July, I could not believe my eyes. How could FIIs, DIIs and HNIs miss on this gold mine so far? I had waited for 2 days before telling anyone because I thought I was wrong in my analysis (see attached report).

 

But it seems the market has now discovered the potential of our packaging industry. For those who purchased UFLEX at Rs 128 on my advice on July 24th and invested around Rs 1 lakh would have made a notional profit of Rs 60000 by now (60% gain in less than 2 months)

 

On July 24th, I gave a call on UFLEX at 128 for a target of 172. That was met. Then on Sep 7th, I called for a 2nd target of 194. That has been met too. Script is currently at 203-204 levels and seems to be becoming like my call on Venkeys (which doubled in 2 months).

 

Those who own it can hold their positions for a target of 220 (3rd target). Unless the market crashes like 2008, you can hold on to UFLEX for another 1-2 quarters and a deep correction in UFLEX is unlikely. If it goes back to 170, new fresh buys or accumulations can be initiated.