Mold-Tek Packaging to expand capacity by investing Rs 25 crore
Mold-Tek Packaging has decided to invest Rs 25 crore to triple its capacity of producing the Food & FMCG IML thin wall containers at their Hyderabad plants. The first phase of the project will undergo production in November 2017 and will be completed by June 2018.
Meanwhile, Mold-Tek Packaging was trading higher by 0.1% at Rs 280.65 per share at 1420 hours on BSE. It touched a high of Rs 281.85 and a low of Rs 279.30 so far during the day.
The stock has delivered more than 70% returns in a period of one year. It has outperformed both BSE small-cap and Nifty Commodities Index over the same period. Its closest peers include Essel Propack and VIP Industries.
Mold-Tek Packaging Limited is involved in the manufacturing of plastic packaging containers. The company manufactures rigid plastic packaging containers through injection moulding technology for paints, lubes, oils, food, fast-moving consumer goods (FMCG) and other sectors.
Stock View :-
Mold-Tek Packaging Ltd is currently trading at Rs 280.65, up by Rs 0.4 or 0.14% from its previous closing of Rs 280.25 on the BSE.
The scrip opened at Rs 279.3 and has touched a high and low of Rs 281.85 and Rs 279.3 respectively. So far 13864(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 776.04 crore.
The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 320 on 10-May-2017 and a 52 week low of Rs 160.05 on 27-Jun-2016. Last one week high and low of the scrip stood at Rs 294 and Rs 277.9 respectively.
The promoters holding in the company stood at 35.84 % while Institutions and Non-Institutions held 18.4 % and 45.77 % respectively.
The stock is currently trading below its 50 DMA.
Meanwhile, Mold-Tek Packaging was trading higher by 0.1% at Rs 280.65 per share at 1420 hours on BSE. It touched a high of Rs 281.85 and a low of Rs 279.30 so far during the day.
The stock has delivered more than 70% returns in a period of one year. It has outperformed both BSE small-cap and Nifty Commodities Index over the same period. Its closest peers include Essel Propack and VIP Industries.
Mold-Tek Packaging Limited is involved in the manufacturing of plastic packaging containers. The company manufactures rigid plastic packaging containers through injection moulding technology for paints, lubes, oils, food, fast-moving consumer goods (FMCG) and other sectors.
Stock View :-
Mold-Tek Packaging Ltd is currently trading at Rs 280.65, up by Rs 0.4 or 0.14% from its previous closing of Rs 280.25 on the BSE.
The scrip opened at Rs 279.3 and has touched a high and low of Rs 281.85 and Rs 279.3 respectively. So far 13864(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 776.04 crore.
The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 320 on 10-May-2017 and a 52 week low of Rs 160.05 on 27-Jun-2016. Last one week high and low of the scrip stood at Rs 294 and Rs 277.9 respectively.
The promoters holding in the company stood at 35.84 % while Institutions and Non-Institutions held 18.4 % and 45.77 % respectively.
The stock is currently trading below its 50 DMA.
Mold-Tek Packaging Ltd :-
BSE 280.65 0.40 (0.14%)
NSE 281.00 0.15 (0.05%)
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