The issue has been giving sleepless nights to brands owners. The fall out can be colossal. Brands cannot afford to let go their hard earned reputation down the drain. The panic buttons have been pressed. Yes! We are talking about the modern day enemy - 'COUNTERFEITI NG', that has left brands more vulnerable and perplexed than ever.
According to a recent research report by a leading brand management consultancy, counterfeiting now costs more than 2% of the global economic output that works out to around $1.8 trillion a year. The dark underbelly of counterfeiting is expanding by over 15% every year, which is alarming. Consumer goods account for over 46% of the counterfeiting trade.
India's largest global flexible packaging solution company Uflex has been relentlessly working over the last two decades to develop brand protection and anti counterfeiting solutions that prevent look-alikes from eroding brand equity of its clients. Company's brand protection solutions have created quite a stir in the market with more and more brands now opting for them.
The growing demand is evident at DRUPA with prospective customers making a beeline at the Uflex pavilion to understand the wide range of solutions that can save their brands from being duplicated.
Waging a full blown war against counterfeiting, Uflex has exhibited the most contemporary brand protection solutions at its pavilion at DRUPA. There is a tremendously encouraging response for:
UV Process Manufactured Fresnel, Diffractive, Holographic and Hybrid (Combination) lens embossed films;
Holographic Thermal Lamination Film;
Uflex Ltd ended at Rs. 200.2, down by Rs. 4.85 or 2.37% from its previous closing of Rs. 205.05 on the BSE.
The scrip opened at Rs. 204 and touched a high and low of Rs. 207 and Rs. 199 respectively. A total of 388741(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1480.67 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 212.5 on 03-Jun-2016 and a 52 week low of Rs. 112 on 12-Jun-2015. Last one week high and low of the scrip stood at Rs. 212.5 and Rs. 187 respectively.
The promoters holding in the company stood at 44.02 % while Institutions and Non-Institutions held 9.08 % and 39.34 % respectively.
The stock traded above its 50 DMA.