TCPL Packaging stock price up by more than 14% today

18 Nov 2022 , 11:51 AM

On Friday, during intraday trading on the BSE in an otherwise quiet market, shares of TCPL Packaging rose 16% in response to a positive outlook for the company’s business, setting a new record high of Rs 1,650.30. On September 5, 2022, the shares of the packaging company reached a high of Rs. 1,540.45. This high has since been surpassed. At 09:34 in the morning, the S&P BSE Sensex was down 0.04 percent at 61,725.

TCPL Packaging announced a solid performance in the September quarter (Q2FY23) despite a difficult operating environment, and as a result, its stock price has increased by 44% during the last two weeks. Consolidated sales for the company increased by 43% year over year (YoY) to Rs 361.7 crore in Q2 FY23, thanks to higher volumes and better realisations.

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