India's Mold-Tek Packaging extends losses as brokerages flag muted outlook after Q2 results

Mold-Tek Packaging

30/10/2025 04:57

** Shares of Mold-Tek Packaging MOLT.NS drop as much as 5.7% to 694.2 rupees apiece, lowest since July 8, 2025

** Plastic packaging company's shares last down 3% on the day, following 7% drop in previous session

** MOLT reported a modest 9.7% rise in net profit in September quarter on Wednesday

** PL Capital says near-term outlook for MOLT is muted, flagging persistent underperformance in the lubes business and cuts its fiscal year 2027 and 2028 profit estimates

** Paint-pack volumes were impacted due to extended rains, says Ambit Capital, trimming fiscal year 2026 and 2027 revenue estimates by 2%-3%

** Average rating of 9 analysts tracking MOLT is "buy"; median price target 911.50 rupees, data compiled by LSEG shows

** MOLT shares are up 10.2% YTD, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))