Cosmo Films is currently trading at Rs. 397.85, up by 3.00 points or 0.76% from its previous closing of Rs. 394.85 on the BSE.
The scrip opened at Rs. 397.00 and has touched a high and low of Rs. 403.95 and Rs. 395.60 respectively. So far 15,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 431.00 on 20-Oct-2016 and a 52 week low of Rs. 310.00 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 405.00 and Rs. 376.05 respectively. The current market cap of the company is Rs. 774.69 crore.
The promoters holding in the company stood at 43.51%, while Institutions and Non-Institutions held 3.89% and 52.59% respectively.
Cosmo Films plans to install a new production line for Speciality Polyester (Biaxially-Oriented Polyethylene Terephthalate) films by the third quarter of 2018-19. The new line will be commissioned at the Waluj plant site in Aurangabad, Maharashtra with a capacity of 36,000 MT per annum.
The project for the new line will entail an investment of Rs 250 crore and shall be funded through a mix of internal accruals and debt. This plant already houses BOPP lines, extrusion coating lines, chemical coating lines, metallizers and a CPP line. The new production line will complement the existing BOPP capacity of 200,000 MT per annum and allow the company to offer a more comprehensive speciality product basket to flexible packaging, labeling, lamination and industrial applications.
Cosmo Films is one of the global leaders and manufacturers of Biaxially Oriented Polypropylene (BOPP) films. The company is the largest exporter of BOPP films from India and is also the largest producer of thermal laminating films in the world.
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