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Uflex drops after 2-day 7.5% rally

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Meanwhile, the S&P BSE Sensex was down 298.95 points or 1.61% at 18,243.25.

On BSE, 8,567 shares were traded in the counter as against average daily volume of 95,351 shares in the past one quarter.

The stock hit a high of Rs 77.95 and a low of Rs 75.55 so far during the day. The stock had hit a 52-week low of Rs 68.50 on 4 March 2013. The stock had hit a 52-week high of Rs 125.25 on 13 April 2012.

The stock had outperformed the market over the past one month till 11 April 2013, rising 4.07% compared with the Sensex's 5.62% fall. The scrip had, however, underperformed the market in past one quarter, declining 20.89% as against Sensex's 5.7% fall.

 

The small-cap packaging solutions provider has equity capital of Rs 72.21 crore. Face value per share is Rs 10.

Shares of Uflex had rallied 7.58% in two trading sessions to settle at Rs 78 on Thursday, 11 April 2013, from a recent low of Rs 72.50 on 9 April 2013.

Uflex's consolidated net profit declined 29.3% to Rs 36.17 crore on 11.1% growth in net sales to Rs 1203.52 crore in Q3 December 2012 over Q3 December 2011.

Over the years, 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

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First Published: Apr 12 2013 | 1:06 PM IST

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