Essel Propack is currently trading at Rs. 160.00, up by 3.60 points or 2.30% from its previous closing of Rs. 156.40 on the BSE.
The scrip opened at Rs. 163.00 and has touched a high and low of Rs. 163.00 and Rs. 157.00 respectively. So far 4112 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 166.20 on 05-Aug-2015 and a 52 week low of Rs. 97.50 on 05-Sep-2014.
Last one week high and low of the scrip stood at Rs. 166.20 and Rs. 151.20 respectively. The current market cap of the company is Rs. 2524.62 crore.
The promoters holding in the company stood at 56.83% while Institutions and Non-Institutions held 14.43% and 28.74% respectively.
In a bid to boost its revenue, Essel Propack is eying on the global $22 billion tubes non-oral care market. The company is looking to increase the contribution of non-oral care in its total revenue from 39.1 per cent in FY-14 to 50 per cent by FY-16. The contribution of non-oral care in overall revenue increased to 41.9 per cent in the first half of FY-15.
Non-oral care categories are dominated by toiletries, skin care and shampoo manufacturers, who use laminated tubes as packing material.
Essel Propack is the largest specialty packaging company in India. The company operates through 25 state-of-the-art facilities in 13 countries.
