Mehta Equities issued a Accumulate/Buy call on Moldtek Packaging. The stock broker recommended stock with a target price of Rs 300 against market price Rs 174.

Commenting on the investment rationale stock broker said, "We believe Moldtek stands out to be the leading player to capture the rising demand of rigid plastic usages in the organized retail space. High replacement market and better utilization of assets gives a good investment opportunity for healthy returns. At the CMP, the stock is trading at a PE(x) valuation 11x FY15EPS of Rs 15.1 and 8x FY16EPS of 21.3."

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.