Essel Propack is currently trading at Rs. 125.00, up by 1.90 points or 1.54% from its previous closing of Rs. 123.10 on the BSE.
The scrip opened at Rs. 125.00 and has touched a high and low of Rs. 127.20 and Rs. 123.60 respectively. So far 18582 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 2 has touched a 52 week high of Rs. 138.90 on 29-Dec-2014 and a 52 week low of Rs. 46.50 on 04-Feb-2014.
Last one week high and low of the scrip stood at Rs. 136.30 and Rs. 120.45 respectively. The current market cap of the company is Rs. 1963.77 crore.
The promoters holding in the company stood at 59.93% while Institutions and Non-Institutions held 12.75% and 27.32% respectively.
Essel Propack has expanded manufacturing capabilities in Egypt and China to cater to FMCG and cosmetic brands in West Asian, African and Chinese markets. The company claims to be the world’s largest specialty packaging company manufacturing laminated plastic tubes catering to FMCG and pharma sectors. The company recently inaugurated its fifth plant in China.
Essel Propack Suzhou (EPSL) at Suzhou in East China will cater to the needs of non-oral care category. The plant is strategically located in the hub of multinational and domestic cosmetic brands.
The primary focus of the new plant would be beauty and cosmetic products like facial cleanser, hand cream, shampoo and hair conditioner. This is the first phase of investment in EPSL, which has an annual supply capacity of 160 million tubes, which will subsequently be more than doubled to 380 million tubes.
Additionally, the company has installed a new machine in Egypt with the capability to produce laminated tubes for cosmetic brands. Major customers are changing preferences from jars and plastic tubes to laminated tubes.
