Uflex share price: The stock jumped 13.58 per cent today to hit a day high of Rs 429.50 over its previous close of Rs 378.15. At today’s high price of Rs 429.50, the stock has climbed 21.43 per cent in two consecutive sessions. The scrip has climbed 22.52 per cent from its 52-week low of Rs 347.15, …

Uflex shares extend gains, jump 14% today after clarification on I-T raid

All stocks of raw materials, finished goods, work in process and other assets were found to be duly recorded and all books of accounts were found to be in order, Uflex has said

Uflex extends rally, says I-T department found nothing incriminating

Uflex surged 12.02% to Rs 423.60 after the company clarified that that the IT department did ‘not seize anything incriminating’ from the company in the raid conducted for seven consecutive days.

Uflex spurts after clarification on recent IT raids

The company in a regulatory filing has also “vehemently” denied media reports alleging bogus transactions undertaken by it, seizure of evidence, irregularities running in thousands of crores and huge unaccounted income.

I-T department has not seized anything incriminating in 7-day raid: Uflex

According to PTI, fraudulent transactions worth Rs 500 crore have been unearthed, and two premises have been sealed

Uflex breaks 7-day losing streak, surges 7% as I-T dept concludes raids

JSW Energy Ltd, Uflex Ltd, Adani Enterprises Ltd and Zee Entertainment Enterprises Ltd are among the other gainers in the BSE’s ‘A’ group today, 28 February 2023.

Primo Chemicals Ltd leads gainers in ‘A’ group

Uflex shares hit a fresh 52 week low of Rs 376.25 today, falling 12.2% intraday on BSE. The stock has slipped 24.31% or Rs 118.65 in the last five sessions.

Uflex shares hit 52-week low; fall for fifth day after I-T raid

BSE Sensex declined 175.88 points, or 0.30 per cent, to 59,288.35 and NSE’s Nifty50 shed 73.10 points, or 0.42 per cent, to 17,392.70 for the day.

Sensex sheds 176 pts, Nifty settles below 17,400; Uflex, Adani Enterprises dive up to 17%

Adani Enterprises Ltd, Mphasis Ltd, Jindal Saw Ltd and Mahindra CIE Automotive Ltd are among the other losers in the BSE’s ‘A’ group today, 27 February 2023.

Uflex Ltd leads losers in ‘A’ group

Tonnes of documents, 120 hard disks and 50 diaries containing information related to bogus transactions have been recovered during the raids

Income Tax dept concludes raids at premises of Uflex after 6 days

In the last 10 out of 11 seasons it lost over 30% while so far this year it declined over 34%.

Uflex sheds 15% to 2-year lows on news of I-T raids at company outfits

Price return has been average, nothing exciting

Performance

Undervalued compared to the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

UFLEX Limited is a holding company engaged in the manufacture and sale of flexible packaging products.

Uflex Ltd