By reducing its risk exposure, FINOLEX INDUSTRIES improves to Slightly Positive
FINOLEX INDUSTRIES (IN), a company active in Commodity Chemicals, reduces its risk exposure and improves its general evaluation despite the loss of a fundamental star(s). The independent financial analyst theScreener has removed a fundamental star(s) of the title, which now shows 1 out of 4 stars; conversely, its market risk is now considered lower and can be described as defensive. Despite the loss of a star, theScreener upgrades the general evaluation of the title to Slightly Positive. As of the analysis date March 19, 2021, the closing price was INR 618.20 and its potential was estimated at INR 792.88.Finolex Industries is engaged in the business of manufacturing and marketing PVC Resin and PVC pipes and fittings. Co. offers a range of products including rubber ring pipes for transportation of drinking water; selfit pipes and fittings for agriculture; casing pipes for bore wells; soil, waste and rainwater (SWR) pipes & fittings for drainage and waste-water requirements of buildings; plumbing pipes for water to households and offices; and telephone ducting. Co. also offers new products including Rubber Ring Pipes with a unique joining system, SWR pipes and fittings with a dual joining system, and Foam Core Pipes for sewerage application.
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