{"id":98044,"date":"2023-03-29T12:15:00","date_gmt":"2023-03-29T06:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=98044"},"modified":"2023-03-29T12:09:36","modified_gmt":"2023-03-29T06:39:36","slug":"fundamentally-strong-stock-hits-a-new-52-week-low-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fundamentally-strong-stock-hits-a-new-52-week-low-do-you-own-it\/","title":{"rendered":"Fundamentally strong stock hits a new 52-week low; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-597140353\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Polyplex Corporation Limited opened its trading hour today at Rs 1,128.95 and is currently trading at a price of Rs 1,144. The stock hit its 52-week low figures yesterday at Rs 1,101. The scrip is up approximately 2 percent as compared to the previous closing price of Rs 1,122. The stock is around 60 percent down from its high figures of Rs 2,870.20.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3575836369\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company possesses seventh-largest capacity of polyester (PET) film with a global presence and includes supply to about 2650+ customers in 75 countries across Europe, the Americas, the Indian subcontinent, and the Middle East.&nbsp;<\/p><p>The polyester capabilities include both thin and thick PET films along with a wide range of thickness and surface properties covering a spectrum of applications. Moreover, some value-added products are offered by the company such as Integrated downstream capabilities of Metallizing, Holography, Silicone Coating, etc.&nbsp;<\/p><p>Having a quick glance at the financials, the revenues and net profits of the <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/POLYPLEX\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Polyplex<\/a><\/strong> have gone for a toss in the recent quarter. Revenues moved down from Rs 2,089 crores in Q2 to Rs 1,863 crores in Q3. Apart from the above metric, the net profits shed from Rs 200 crores in Q2 to Rs 84 crores in Q3.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-841206168\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company, though fundamentally strong, got hit by some global factors such as the inflationary pressure and the same has caused the company to procure raw materials at increasing costs thereby affecting its profit margins.&nbsp;<\/p><p>Despite the downtrend mentioned above, some of the core aspects including improving profitability ratios, decent liquidity scenarios, and monetary capabilities led the company to combat its interest payments.&nbsp;<\/p><p>The profitability ratios such as the ROE and ROCE have shown improvement on a YoY basis with ROE moving from 28.35 percent in FY20-21 to 30.3 percent in FY1-22. ROCE figures reported an increase from 26.45 percent in FY20-21 to 29.08 percent in FY21-22.&nbsp;<\/p><p>During FY21-22, the company had a current ratio of 2.53 which equips the company to handle short-term liabilities. The interest coverage ratio improved from 56.67 times in FY20-21 to 70.49 times in FY21-22.&nbsp;<\/p><p>The company is proven to have a good dividend-paying history with decent dividend yield numbers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1820130953\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-1251266690\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Polyplex Corporation Limited opened its trading hour today at Rs 1,128.95 and is currently trading at a price of Rs 1,144. The stock hit its 52-week low figures yesterday at Rs 1,101. The scrip is up approximately 2 percent as compared to the previous closing price of Rs 1,122. The stock is around 60 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3485,6660,6016,4618,5904,4780,5903,4619,5906,5910,6333,6176,6178,7932,3484,948,936,3153,3157,3483,2597,7931,5298,5299],"class_list":["post-98044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-52-week-low-stocks","tag-fundamentally-strong","tag-fundamentally-strong-stock","tag-fundamentally-strong-stocks","tag-fundamentally-strong-stocks-2023","tag-fundamentally-strong-stocks-to-buy","tag-fundamentally-strong-stocks-to-buy-now","tag-fundamentally-strong-stocks-to-watch","tag-polyplex-corporation-limited","tag-polyplex-corporation-limited-share-price","tag-polyplex-corporation-ltd-share-price","tag-polyplex-corporation-results","tag-polyplex-corporation-results-2023","tag-polyplex-latest-news","tag-stock-52-week-low","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-at-52-week-low","tag-stocks-to-watch","tag-why-is-polyplex-at-52-week-low","tag-why-is-polyplex-share-falling","tag-why-is-polyplex-share-price-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fundamentally strong stock hits a new 52-week low; Do you own it? 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