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TCPL Packaging rises on acquiring additional stake in Creative Offset Printers through rights issue

09 Jan 2023 Evaluate

TCPL Packaging is currently trading at Rs. 1465.30, up by 10.15 points or 0.70% from its previous closing of Rs. 1455.15 on the BSE.

The scrip opened at Rs. 1450.05 and has touched a high and low of Rs. 1474.15 and Rs. 1444.05 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1800.95 on 07-Dec-2022 and a 52 week low of Rs. 501.00 on 24-Jan-2022.

Last one week high and low of the scrip stood at Rs. 1570.00 and Rs. 1435.05 respectively. The current market cap of the company is Rs. 1327.10 crore.

The promoters holding in the company stood at 55.74%, while Institutions and Non-Institutions held 4.17% and 40.09% respectively.

TCPL Packaging has further invested in rights issue of its subsidiary company viz Creative Offset Printers (COPPL) and has been allotted 45,844 equity shares, aggregating to Rs 2.59 crore. Post allotment of shares as aforesaid, the company holds 84.07% of the share capital of COPPL.

TCPL Packaging is one of leading and largest manufacturers of folding cartons in India. The company manufactures packaging material for the following segments: Cigarette, Liquor, Food, FMCG, etc.

Peers
Company Name CMP
Uflex 663.05
EPL 238.55
AGI Greenpac 803.90
Huhtamaki India 242.40
TCPL Packaging 4107.35
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