Scripscan:Glory Polyfilms Ltd
Cmp:127
Traded in:Nse-bse
Story:Operator activities are still to be seen no matter how bad the environment be,Consider glory polyfilms a small manufacturer of packaging materials such as multi-layer films and flexible laminates.Couple of delhi based operators were busy pushing the counter hard even some days ago.The fall in present prices suggests that their accumulation has fizzled out and they have become active to exit the company in no time.The company has been outperforming the market for last several months since its ipo price of 54rs.To me the larger player should get the premium valuations and medium or small sized players should follow path with average valuations but here the case is entirely different.When experienced and bigger player like jindal poly,polyplex and cosmo flims are being hammered these glory ploy has been buzzing bigtime.The sector which the company operates are of commodity type and there are several established players giving stiff competition to these mentioned company.I would suggest investors to exit the counter and move on to the bigger players where there is lot of safety and which are runned by great pedigrees.A marketcap of over 200crs is no way justified for these company.Avoid buying craps and opt for better growth oriented mine suggested small caps to make a pot of money in the long run.
Tuesday, February 24, 2009
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