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Uflex soars on getting nod for investment plan worth Rs 1,800 crore

08 Aug 2014 Evaluate

Uflex is currently trading at Rs. 137.75, up by 4.20 points or 3.14% from its previous closing of Rs. 133.55 on the BSE.

The scrip opened at Rs. 135.80 and has touched a high and low of Rs. 138.50 and Rs. 134.40 respectively. So far 97254 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 142.30 on 23-Jul-2014 and a 52 week low of Rs. 52.75 on 19-Aug-2013.

Last one week high and low of the scrip stood at Rs. 138.50 and Rs. 122.00 respectively. The current market cap of the company is Rs. 964.38 crore.

The promoters holding in the company stood at 43.47% while Institutions and Non-Institutions held 6.13% and 42.84% respectively.

Uflex has received an approval whereby the board of directors of the company approved the company’s investment plans of Rs 1,800 crore amounting $300 million to be made in the next 3 years to achieve its growth plans in future.

Uflex is engaged in production of Polyester chips, BOPET and BOPP films, Printing and Coating Inks, facilities for Holography, Metalization and PVDC coating, making Gravure Printing Cylinders, Gravure Printing, Lamination and Pouch formation.

 

Peers
Company Name CMP
Uflex 652.30
EPL 231.20
AGI Greenpac 733.90
Huhtamaki India 243.40
TCPL Packaging 3865.85
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