Cosmo First takes First step towards finding old highs. Cosmo First Ltd. is a global leader in manufacturing of specialty films for flexible packaging, lamination, labelling and industrial application. The company has more than 56 eco-friendly products & its R&D (research and development) is equipped with modern analytical tools giving scientists an edge to characterize product at a molecular level.
Cosmo films CMP is 682.45. Negative aspect of the company is declining quarterly net profits. Positive aspects of the company are zero promotor pledge, improving annual net profit, improving cash from operations annual, promotors increasing stake, FIIs increasing stake & low debt.
Entry after closing above 701. Target of the call will be 755. Closing above 755 can take the stock to the long-term targets of 7954 & 849. Stop loss in the stock should be maintained at closing below 640.
