Mold-Tek Packaging shares rise 8 per cent after Q2 results
The company reported a 36.06 per cent year-on-year increase in profit after tax for the quarter ending 30 September 2026.
Mold-Tek Packaging shares rose as much as 8 per cent on the NSE during Tuesday's trading session. According to Mint, the rally followed the company's financial results for the quarter ending 30 September 2026, which were reported on Monday.
The company reported that its profit after tax (PAT) rose 36.06 per cent year-on-year for the second quarter of FY27. Overall sales volume grew by 10.09 per cent year-on-year during the same period.
Pharma packaging saw a volume growth of 26.30 per cent year-on-year, while food and FMCG packaging grew by 23.70 per cent. The paints packaging segment reported 8.61 per cent growth, though the lubricants packaging segment saw a 12.32 per cent decline in volume.
Chairman and Managing Director J Lakshmana Rao said the company delivered pharmaceutical performance despite turbulent times. He noted the operating environment remained challenging due to sharp increases in raw material prices and material availability constraints from geopolitical disruptions.
Sumeet Bagadia, Executive Director at Choice Broking, said existing investors can hold the stock with a long-term perspective but fresh investors should wait for a dip. He set a target price of ₹370 and a stop-loss of ₹275.
Mahesh M Ojha, VP Research and Business Development at Kantilal Chhaganlal Securities, suggested the stock shows potential for further upside. He recommended an upside target of ₹328, ₹340 and ₹360+ with a stop-loss at ₹280.