Mold-Tek Packaging shines on receiving Insurance Claim

05 May 2014 Evaluate

Mold-Tek Packaging is currently trading at Rs 44.35, up by 2.55 points or 6.10% from its previous closing of Rs. 41.80 on the BSE.

The scrip opened at Rs 42.75 and has touched a high and low of Rs 45.00 and Rs 42.20 respectively. So far 38614 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 51.00 on 15-May-2013 and a 52 week low of Rs 29.10 on 26-Nov-2013.

Last one week high and low of the scrip stood at Rs 44.00 and Rs 41.65 respectively. The current market cap of the company is Rs 50.07 crore.

The promoters holding in the company stood at 42.83% while Institutions and Non-Institutions held 4.67% and 52.50% respectively.

Mold-Tek Packaging has received an amount of Rs 6.24 crore, against Daman Unit's fire accident insurance claim, in addition to the salvage value that is recoverable. The net loss due to the accident may be around Rs 42.00 Lacs, net of salvage value, which is subject to Final Audit.

Mold-Tek Packaging is the leader in manufacturing of plastic packaging products including pails. It specializes in both standard and made-to-order packaging solutions for leading brands of paints, lubricants, pharmaceuticals, cosmetics, FMCGs, etc.

 

Mold-tek Packaging Share Price

778.00 -31.95 (-3.94%)
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