Scripscan:Jumbo Bag Ltd
cmp:38
Code:516078
Story:As a part of the Rs.980 million BLISS Group of companies, Jumbo Bag Ltd. was established in the year 1990. Started with an initial capacity of 720,000 jumbo bags (FIBCs) it now has the capacity to manufacture over 3.6 million bags per annum, and this has propelled us to the position of market leaders. The portfolio comprises of different designs of FIBCs (Circular, U-panel, Baffles) Hygiene bags, Multi trip bags, tabular & form-ft liner bags. The FIBCs are available in Type A, B, C, D, UN Bags and 20-40 feet container liners and addresses applications that are custom-made for industrial purposes.Jumbo caters to a customer base spanning 5 continents.On the financials front,sales has been a steady rise consistently over the last 5 years.With conomic environment improving jumbo is expected to come out with better set of numbers,PAT should commensurate with it because of the lower base.It pays a dividend of 105 too.Its quoting at a discount of 45% to its recent 09 july high of around 70rs.At 37-38rs it looks to be a short term buy as bargain hunters have started accumulating the counter..The company has consolidated for long in the bourses and I feel a decent spike is on the cards.One can buy the counter for a target of 45-48rs.
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
