Dolly Khanna Portfolio Stock: This mulitbagger is against Thursday’s ex-dividend trade; 150% scrip in 2 years – Should you buy?

Multibagger Stock, Dolly Khanna Portfolio, Polyplex Corporation, Ex-Dividend Date, Record Date: Ace investor Dolly Khanna-backed packaging fund – Polyplex Corporation will go ex-dividend on Thursday, November 24, 2022. Shares of this small-cap company have risen nearly 150 percent in the last two years from Rs 735 to Rs 1,839 per share (today’s close) on multibagger earnings.

Polyplex Corporation Interim/Special Dividend

On November 14, 2022, the packaging company while announcing its second quarter profit for the financial year 2022-23 (2FY23) also declared an Interim/Special Dividend of Rs 550 per share.

“The Board has approved the declaration and payment of Interim/Special Dividend of Rs.55 per share (including special dividend of Rs.35/-) for the financial year 2022-23 in its meeting held on November 14, 2022. Share of the face value of Rs). 10/- each,” the company said in its application.

“The record date for the payment of the aforementioned Dividends has been set as November 25, 2022 and is proposed to be paid within the statutory period,” Polyplex Corporation said.

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This means that the stock will go ex-dividend tomorrow, November 24, 2022 – one day before the Record Date. The ex-dividend date is the day a stock has traded without the benefit of the next scheduled dividend payment. When the record date finalizes the transfer of share ownership.

Polyplex Corporation: Ace Investor’s Favorite

Chennai-based celebrity investor Dolly Khanna reduced its stake in Polyplex Corporation from 1.2 percent to 1.3 percent in the September 2022 quarter. According to the latest shareholding pattern available on BSE, the ace investor holds 3,68,170 shares in the company.

According to stock analysis website Trendlyne.com, Dolly Khanna owns 22 stocks with a net worth of over Rs 399.6 crore as on November 23, 2022. Its portfolio tends to lean more towards traditional stocks in manufacturing, textiles, chemicals and sugar stocks in the small-cap category.

Polyplex Corporation: A Fundamental View

The company trades at a single-digit PE of 8.75 with a CAGR growth of 23.6 percent over the past 5 years and has a solid dividend record and improving ROE over the past two years, Pravesh Gour, Principal Technical Analyst, Swastika Investmart Ltd said in a statement.

According to Pravesh Gour, “We are seeing an increase in foreign institutional investor interest in this stock; but mutual funds reduced their holdings. The recent correction creates a favorable opportunity for long-term investors.”

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Polyplex Corporation: Technical Charts

Technically, it is in a long-term uptrend, where it forms a base around the 1,650 mark after a meaningful correction, Gour said. “On the upside, 2000 is a psychological barrier that could coincide with a drop in the 100- and 200-day moving averages; Above that, we can expect a new bullish momentum towards the 2500 and 3000 levels.

Similarly, Mehul Kothari, AVP – Technical Research at AnandRathi Shares since October 2021; The 1700 – 1600 level was a strong demand zone for POLYPLEX. On the upside, 1900 appears to be an immediate barrier, as it has been a breakout point during September 2022, he said.

Image source: Stockedge

“Traders who are long the stock can book their positions once the stock starts trading near this zone, while Investors should continue to hold the stock until it remains above the 1600 mark. Below 1600, we can see a new bearish trend in the stock,” the analyst said.

Polyplex Corporation: Share Price History

On Wednesday, the counter closed 1% higher at Rs 1,839 per share on the BSE, compared with a 0.15 percent gain in the S&P BSE Sensex. As the ex-dividend and record date approaches, the stock has posted a nearly 4 percent gain on the BSE over the past five sessions.

Shares of Polyplex Corporation are trading more than 35 percent below their 52-week high of Rs 2,870. In the past one year, the scrip has posted a marginal gain of over 5 percent, and has corrected over 17 percent over the past six years. months in the stock market.

About Polyplex Corporation

Polyplex Corporation Ltd. (Polyplex) is one of the leading PET (polyethylene terephthalate) Film Producers and ranks seventh globally in terms of polyester (PET) film volume. The company’s business portfolio also includes BOPP, Blown PP/PE and CPP films produced in state-of-the-art plants.

The company has a global presence serving more than 2,650 customers in 75 countries across Europe, the US and the Indian subcontinent, the Far East, Asia Pacific and the Middle East, with nearly 70 branches in Thailand and Turkey. interest share.