ICICI Securities Ltd | Retail Equity Research Linc Pen & Plastics (Linc) witnessed stellar price appreciation in the recent past with the stock up 100% from lows in September 2017. A part of the journey is explained by the scarcity of profitable names in the writing instrument category in the listed space and reference to last M&A; activity involving Cello Pens (acquired by BIC Pens, France) However, Linc's financial performance has been weak with H1FY18 sales at | 146 crore, down 16% YoY, EBITDA at | 9.9 crore with...