Valuation of Finolex Industries has become reasonable after recent fall: Why it is stock pick of the week

With its consolidated revenues and net profit falling by 6% and 31% respectively, Finolex Industries reported a weak set of numbers for the third quarter of 2021-22. However, analysts are getting bullish on this counter for several reasons. First, the sales volume fall recorded in the third quarter was mostly due to destocking by traders; triggered by the fall in PVC prices. Since the trade inventory is at low levels now and the PVC prices have