Shri Rama Multi Tech (14.65)

Listed on both NSE & BSE.

This company is a leading packaging solutions provider. Its product lines comprise multilayer tubes, lami tubes, seamless tubes, labels, flexible laminate, paper and plastic cups, Tarpulin and injection moulding. It is on a turnaround path.

It is a small cap company with less than Rs 100 cr market capitalization.

We are recommending it with a long term perspective given its long term charts and low downside risk. Our target for it is Rs 28 for the medium term (9 months to 1 year) and long term target of Rs 60 in over the next 3 years. It’s a buy and hold kind of stock; however, short term spike could well happen here.