Sep 24, 2014

Kanpur Plastipacks Update

Old link about Kanpur Plastipacks.

I just missed one problem and the problem is big enough to ignore. It is - Contingent liabilities of Rs.142.96 Cr. Compared to its size, this liability is big. The stock is in uptrend and if you have got it then hold it for short period.
Contingent liabilities is the liabilities that can be any law suit or any other problem company may see can come to it which it need to meet. So, if that problem, whatever it is, comes to this company then it will be a big blow to its financials.