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Mold-Tek Packaging surges on unveiling new Daman Unit

30 Apr 2012

Mold-Tek Packaging is currently trading at Rs. 58.85, up by 2.10 points or 3.70% from its previous closing of Rs. 56.75 on the BSE.

The scrip opened at Rs. 56.60 and has touched a high and low of Rs. 60.40 and Rs. 56.60 respectively. So far 725 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.50 on 14-Nov-2011 and a 52 week low of Rs. 47.65 on 04-May-2011.

Last one week high and low of the scrip stood at Rs. 60.50 and Rs. 56.15 respectively. The current market cap of the company is Rs. 63.99 crore.

The promoters holding in the company stood at 41.77% while Institutions and Non-Institutions held 1.51% and 56.72% respectively.

Mold-Tek Packaging has inaugurated new Daman Unit on April 29, 2012. Initially it started with production of Pails and will also start producing In-Mould Labeling (IML) pails from June 2012 onwards.

Recently, Mold-Tek Packaging has performed ground breaking ceremony at Moushi village, Khandala district on March 14, 2012 to start another manufacturing unit with a capacity of 4000 TPA mainly catering to Asian Paints. This unit also will have facilities to manufacture Robotic IML (In Mold Labelling) decorated containers.

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.

Related Mold-Tek Packaging Ltd. Links:

Mold-tek Packaging Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323