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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Fed, FPIs & Budget Watch | Indian Equities The Fed Held, the Foreign Funds Flinched, and Delhi Is Listening: Where Indian Equities Go From Here The Fed held at 3.75%–4.00% on a 10–2 vote. FPIs have sold a record ₹3.07 lakh crore through 23 October. Delhi is reportedly weighing an LTCG cut. And on 27 October, the Nifty Smallcap 100 jumped 2.70% in a single session. Wednesday, 28 October 2026, gave Indian markets a rare thing: a day without a nasty surprise from Washington. The Federal Reserve kept its policy rate unchanged at 3.75%–4.00%. Nifty closed at 22,698.85, down just 0.22%, after Sensex had been down nearly 1,000 points at the intraday low. Then came the numbers that matter more. According to provisional NSE data, FII/FPIs were net buyers on the day. Across NSE, BSE and MSEI combined, they bought a net ₹871.83 crore, against DII net buying of ₹643.35 crore. It is one session, and it f...
Angel Broking puts BUY on Essel Propack: Since this stock has started hitting upper circuits, Glory Polyfilms Ltd will also start hitting the buyer freeze within a short time as both of them are almost in the same sector.
Moreover, let us compare both Essel Propack Ltd and Glory Polyfilms Ltd.
1. Essel Propack (CMP: Rs.24.75; Face Valule: Rs.2; EPS: Rs.1.66; P/E: 14; Market Cap: Rs.387.59 Cr; Price/Book: 0.66; Dividend: 15%): This world’s largest packaging company, is a part of the Essel Group. We expect the company to register an improvement in its performance on the back of low crude oil prices and stabilisation of new units. We estimate the company to post 13.5% CAGR in Sales over the next two years and record consolidated profits of Rs44.4 crore in CY2010, as against the Loss of Rs88.3cr in CY2008. At the CMP, the stock is trading at inexpensive valuations of 0.6x P/BV and 0.3x EV/Sales on our CY2010 estimates. We Initiate Coverage on the stock, with a BUY recommendation and a target price of Rs.37 [From Angel Broking]
2.Glory Polyfilms Ltd (CMP: Rs.22.85; Face Value: Rs.10; EPS: Rs.3.2; P/E: 7.14, Market Cap: Rs.39.91 Cr; Price/Book: 0.66): It is the Manufacturers of flexible laminates and multilayer barrier (3 layers and 5 layer Nylon / EVOH based ). The company recently completed 1st phase of expansion and the 2nd phase of expansion is expected to be completed by December, 2009. The company will come out with results on 30th June, 2009, which is expected to be good at least sequentially. Moreover, the company has installed 7-layer machine and another set of 3-layer machines will be installed by 15th July, 2009. The fall in the price of Crude oil from near $72 per barrel made some days back, will act as positive sentiment for the stock. The Crude Oil as mentioned many times earlier will hover around the price range of $65--$75 per barrel for some more days. For more on Glory Polyfilms Ltd please visit: http://www.glorypolyfilms.com.

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