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Uflex drops after poor Q4 numbers

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Capital Market

The Q4 result was announced after market hours on Thursday, 30 May 2013.

Meanwhile, the S&P BSE Sensex was down 311.86 points or 1.54% at 19,903.54.

On BSE, 20,000 shares were traded in the counter as against average daily volume of 98,707 shares in the past one quarter.

The stock hit a high of Rs 72.20 and a low of Rs 68.20 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 122.50 on 11 July 2012.

The stock had underperformed the market over the past one month till 30 May 2013, declining 3.24% compared with the Sensex's 3.65% rise. The scrip had also underperformed the market in past one quarter, sliding 5.35% as against Sensex's 7.18% surge.

 

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

Uflex's consolidated net profit declined 25.4% to Rs 190.37 crore on 13% growth in net sales to Rs 4956.43 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

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 solutions.

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First Published: May 31 2013 | 1:07 PM IST

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