Jindal Poly Films spurts on getting nod for expansion plans

14 Feb 2020 Evaluate

Jindal Poly Films is currently trading at Rs. 274.65, up by 5.20 points or 1.93% from its previous closing of Rs. 269.45 on the BSE.

The scrip opened at Rs. 288.50 and has touched a high and low of Rs. 294.00 and Rs. 271.00 respectively. So far 6917 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 297.05 on 17-Jan-2020 and a 52 week low of Rs. 199.92 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 294.00 and Rs. 255.35 respectively. The current market cap of the company is Rs. 1521.58 crore.

The promoters holding in the company stood at 74.55%, while Institutions and Non-Institutions held 1.20% and 24.25% respectively.

Jindal Poly Films has received its board’s approval for expansion plans by way of investment of Rs 700 crore in Polyester Film Line - I and Biaxially Oriented Polypropylene (BOPP) Film Line - 9. The Board of Directors of the company in its meeting held on February 13, 2020 has considered and approved the same.

Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. JPFL has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.

Jindal Poly Films Share Price

452.35 -8.30 (-1.80%)
28-Mar-2024 16:01 View Price Chart
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