SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Parekh Aluminex touches the roof on plan to acquire 100% stake in American Foils

19 Mar 2012 Evaluate

Parekh Aluminex is currently locked at its upper circuit limit of Rs. 321.75, up by 15.30 points or 4.99% from its previous closing of Rs. 306.45 on the BSE.

The scrip opened at Rs. 306.00 and has touched a high and low of Rs. 321.75 and Rs. 306.00 respectively. So far 3310 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 389.00 on 22-Feb-2012 and a 52 week low of Rs. 165.85 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 328.00 and Rs. 296.00 respectively. The current market cap of the company is Rs. 416.34 crore.

The promoters holding in the company stood at 37.62% while Institutions and Non-Institutions held 11.85% and 50.53% respectively.

Parekh Aluminex is in process of acquiring 100% shares of American Foils Inc based in USA. Pursuant to this acquisition, American Foils will become a wholly owned subsidiary of the company. This acquisition will also strengthen the presence of the company in US continent.

American Foils Incorporation is engaged in the business of manufacturing of Aluminium Pans/Rolls/Containers/Foils, etc.

Parekh Aluminex is primarily engaged in manufacturing and sale of Aluminium Foil Containers (AFCs), its lids, and covers and Aluminium Foil Rolls (AFRs) and is one of India's leading producers of AFC/AFR. The products find its application in packaging of food items in travel industry such as airlines, railways, fast food chains, restaurants, hotels etc and also find their application in household uses.

Peers
Company Name CMP
National Aluminium 423.75
Maan Aluminium 143.20
Arfin India 92.90
Manaksia Aluminium 28.87
PG Foils 220.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×