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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2016-12-27||Mold-Tek Technologie..||Nirmal Bang Institutional||45.30||45.30 (-20.20%)|
Nirmal Bang Institutional
Sole backward integrated player in In-Mould Labeling: MPL is the first company in India to use IML technology for labeling. It is the only company with integrated facilities for manufacturing moulds, in-mould labels and robots. In late 2011, the company started using IML technology for decoration through imported labels and robots. It bought two robots from Taiwan for IML. In order to improve cost economics, MPL invested in manufacturing in-house robots and in-mould labels. As of today, the company has ~45 robots of which 43 have been manufactured in-house. MPL is able to manufacture these robots at less than half the cost of imported robots. Contribution from IML...