In the opening trade on April 2, the share price of Uflex witnessed a significant increase of 6% after the company announced the commissioning of a CPP film production line at its Russian subsidiary.
At 9:48 AM, Uflex was trading at Rs 449.30 on the BSE, up Rs 26.60 or 6.29 percent.
Flex Films Rus LLC, Uflex’s step-down subsidiary in Russia, successfully commissioned a CPP film production line with an installed capacity of 18,000 MT per year on April 1.
On March 31, the company also achieved the commencement of commercial production at its manufacturing facility in Panipat, Haryana. This facility, with an installed capacity of 1,68,000 MTPA, will produce Poly Condensed Polyester Chips, serving as raw material for BOPET packaging films and for sale to third-party customers.
Uflex’s share price reached a 52-week high of Rs 499.85 on December 28, 2023, and a 52-week low of Rs 335.35 on April 3, 2023. Presently, the stock is trading 10.57 percent below its 52-week high and 33.29 percent above its 52-week low.
Over the last year, the share price of Uflex has surged by 30 percent.
