Garware Polyester rallies 8%, hits 26-year high on strong revenue outlook

Shares of Garware Polyester edged higher by 8 per cent to Rs 366, hitting a multi-year high on the BSE, in the intra-day trade on Friday after the company said it became the first paint protection films (PPF) manufacturer in India. The firm sees Rs 300 crore incremental revenue by financial year (FY) 2023 on the back of its entry into the PPF segment. 
 

The stock of the flagship company of the Garware Group and a leading player in specialty polyester films in India was trading at its highest level since November 1994, the BSE data show. It hit an