Uflex was up 1.01% to Rs 239.10 at 14:31 IST on BSE after the company said it has inaugurated a fully automatic robotic laser engraving line at its Noida facility in technical collaboration with Think Lab. Japan.
The announcement was made during market hours today, 18 July 2016.Meanwhile, the S&P BSE Sensex was up 35.51 points or 0.13% at 27,872.01.
On BSE, so far 21,000 shares were traded in the counter as against average daily volume of 82,044 shares in the past one quarter. The stock hit a high of Rs 242.05 and a low of Rs 236.70. The stock had hit a 52-week high of Rs 244.75 on 12 July 2016. The stock had hit a 52-week low of Rs 132 on 25 August 2015. The stock had underperformed the market over the past one month till 15 July 2016, gaining 2.49% compared with Sensex's 4.15% rise. The scrip had, however, outperformed the market in past one quarter, advancing 27.81% as against Sensex's 8.62% rise.
The small-cap company has equity capital of Rs 72.21 crore. Face value per share is Rs 10.
Uflex in collaboration with Think Lab. Japan has set up a fully automatic robotic laser engraving line for manufacturing rotogravure cylinders at Uflex's Noida facility.
On consolidated basis, Uflex's net profit rose 17.1% to Rs 80.23 crore on 0.3% decline in net sales to Rs 1440.56 crore in Q4 March 2016 over Q4 March 2015.
Uflex is one of the India's largest end-to-end flexible packaging companies.
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