Uflex lost 4.04% to Rs 118.65 at 9:52 IST on BSE, with the stock sliding on profit booking after Monday's 19.58% rally triggered by the company reporting strong Q4 earnings.
Meanwhile, the S&P BSE Sensex was up 64.53 points or 0.26% at 24,749.38.
On BSE, so far 93,000 shares were traded in the counter, compared with an average volume of 1.90 lakh shares in the past two weeks.
The stock hit a high of Rs 121.90 and a low of Rs 116.20 so far during the day.
Shares of Uflex had rallied 19.58% to settle at Rs 123.65 on Monday, 2 June 2014 after the company after market hours on Friday, 30 May 2014 reported strong Q4 March 2014 earnings.
Uflex's consolidated net profit rose 45.9% to Rs 60.10 crore on 17.5% growth in net sales to Rs 1376.87 crore in Q4 March 2014 over Q4 March 2013.
More From This Section
On a consolidated basis, Uflex's net profit rose 5.9% to Rs 201.64 crore on 13.1% increase in net sales to Rs 5603.34 crore in the year ended March 2014 over the year ended March 2013.
Uflex has integrated its operations from manufacture of polyester chips, films (BOPET, BOPP and CPP - both in plain and metalized form), coated film, laminates, pouches, holographic films gravure cylinders, inks and adhesives to all types of packaging & printing machines, offering total flexible packaging solution.
Powered by Capital Market - Live News