GEPL Stock Pick : Long term investment value
The demand for pure Demand for pure, sustainable packaging continues to put the spotlight on glass. Piramal Glass Ltd (PGL) is a leading glass packaging company that provides packaging solutions for pharmaceutical and perfumery industry.
The company is a one stop shop providing flacconage solutions like full bottle and mould designing and glass manufacturing and decorative ancillaries and accessories like caps, cartons and brushes. PGL today is one of largest manufacturer of flacconage glass through its manufacturing facilities located in India, USA, and Sri Lanka having a total capacity of 1120 tonnes per day.The company has just concluded its rights issue (7:2 at Rs 20 premium) which shall increase its equity to Rs 809 Mn and the proceeds of Rs 1882 Mn from this issue shall go to reduce its debts.
Sharp movement in raw material prices and Foreign exchange fluctuations
Keep a watch on this stock, has good growth options. To know more, watch out for this space.