Mold-Tek Packaging surges on plan to set up new plants in the UAE

20 Nov 2014 Evaluate

Mold-Tek Packaging is currently trading at Rs. 227.00, up by 2.90 points or 1.29% from its previous closing of Rs. 224.10 on the BSE.

The scrip opened at Rs. 225.20 and has touched a high and low of Rs. 229.20 and Rs. 222.00 respectively. So far 8896 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 251.60 on 29-Oct-2014 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. 238.50 and Rs. 220.00 respectively. The current market cap of the company is Rs. 254.75 crore.

The promoters holding in the company stood at 42.81% while Institutions and Non-Institutions held 3.44% and 53.75% respectively.

Mold-Tek Packaging has decided to set up new plants in the United Arab Emirates (UAE) and two plants in India apart from expanding the existing tool room, FMCG and food packaging capacities.

Meanwhile, the company’s board has decided to increase authorised capital from Rs 13.5 crore to Rs 14.5 crore and to raise funds not exceeding Rs 60 crore through issuance of securities including equity shares or equity linked securities.

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%)
28-Mar-2024 16:01 View Price Chart
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