Stock News and Filings Feed
In an otherwise overheated market, it is difficult to find a company that is in the right business at the right price – I G Petrochemicals happens to be one such interesting name. The company caters to the high growing segment of plastics. While the stock had a stellar run, the valuation still looks reasonable. Finally, the company has invested in improving growth and margin that stand to support earnings.
I G Petrochemicals advanced 4.84% to Rs 423.80 at 09:35 IST on BSE after net profit jumped 134.31% to Rs 28.07 crore on 34.19% rise in total income to Rs 289.90 crore in Q4 March 2017 over Q4 March 2016.