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05-Jun2017

Uflex surges on aiming overall volume growth of 15% this fiscal

Uflex is currently trading at Rs. 373.00, up by 6.05 points or 1.65% from its previous closing of Rs. 366.95 on the BSE.

The scrip opened at Rs. 368.00 and has touched a high and low of Rs. 374.20 and Rs. 364.00 respectively. So far 12506 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 393.85 on 17-May-2017 and a 52 week low of Rs. 199.00 on 06-Jun-2016.

Last one week high and low of the scrip stood at Rs. 374.20 and Rs. 333.00 respectively. The current market cap of the company is Rs. 2700.71 crore.

The promoters holding in the company stood at 44.02%, while institutions and non-institutions held 11.27% and 44.71% respectively.

Uflex, a flexible packaging major, is entering into aseptic liquid packaging segment besides adding more products as it aims an overall volume growth of 15% this fiscal. The company expects its Sanand-based septic liquid packaging manufacturing plant, where it is investing around Rs 580 crore, to be operational this fiscal.

Uflex is India's largest multinational flexible packaging materials and Solution Company and an emerging global player. Since its inception back in 1985, Uflex has grown from strength to strength to evolve as a truly Indian Multinational with consumers spread across the world.


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