Uflex launches Super Barrier Polyester Film; stock retreats by 0.8%

India’s largest multinational flexible packaging materials and solutions company, Uflex has launched a Super Barrier Polyester Film. This film owing to specially modified surface treatment offers a very high barrier to oxygen.

Jan 19, 2017 05:01 IST India Infoline News Service

India’s largest multinational flexible packaging materials and solutions company, Uflex has launched a Super Barrier Polyester Film. This film owing to specially modified surface treatment offers a very high barrier to oxygen.
 
The stock of the company on January 19 is trading with gains of 0.23%. The 30 day SMA of the stock stands at 269.57, and it is now trading above its 20 day DMA. In the last one year, the stock has given a return of 87.76%. Currently, it is trading with a P/E of 6.01.
 
On a three year annualised basis, the stock has given a return of 52.25%. On a half yearly basis, the EPS of the company stands at Rs 46.45.
 
Two mutual fund houses have invested in the stock of the company, which are Indiabulls and Goldman Sachs Mutual Fund.
 
Stock View:
 
Uflex Ltd is currently trading at Rs 276.7, down by Rs 2.25 or 0.81% from its previous closing of Rs 278.95 on the BSE.
 
The scrip opened at Rs 280.4 and has touched a high and low of Rs 281.8 and Rs 276.5 respectively. So far 137097(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2014.3 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 334 on 27-Oct-2016 and a 52 week low of Rs 132.2 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 287.95 and Rs 271.4 respectively.
 
The promoters holding in the company stood at 44.02 % while Institutions and Non-Institutions held 12.81 % and 43.18 % respectively.
 
The stock is currently trading above its 100 DMA.

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