UFlex

Tech Talk: Chart Patterns of Interesting Stocks

We go through the five stocks we discussed last week and Deepak introduces four new stocks in a quick technical take. None of these are large caps, and this video is for education only, not advice.

(7 Min, Video)

Recap

Gravita: Exited with a stop loss hit after the stock went below the 20 day average.

UFlex Dives 20%, Promoter Gets 4 Years Jail

Promoter of UFlex Limited, Ashok Chaturvedi was sentenced to four years in prison by a special CBI court, in a case of bungled land allotment in Noida. Former UP chief secretary Neera Yadav was also sentenced similarly.

UFlex is a packaging company and has recently benefited from the massive upsurge in polyester film prices, taking their profits up to 202 cr. in the Sep quarter, and 263 cr. for the half year. With the diluted EPS at Rs. 37 for the half year, they even projected an 800 cr. profit figure for the full year.