Shares of Uflex were trading 2% higher on Thursday after the company announced the launch of three packaging foil solutions for pharma companies.
The company has unveiled three products: Fast Tear Strip Foil, PET-based Cold Form Blister, and Child Resistant & Senior Friendly Foil, along with Branding Solutions for pharmaceutical companies, Uflex said in a press note after market hours to the exchanges on Wednesday.
"Fast Tear Strip Foil will prove to be a game-changer for the pharma industry globally and we see a potential growth market of 5,000 tonnes annually in India. We are investing in technology, capex and time to raise the bar both in terms of quality and growth," said Amitava Ray, Executive Director, Uflex Ltd.
Uflex Ltd`s share price is currently at Rs276.25, up by Rs2.3 or 0.84%, from its previous close of Rs273.95 on the BSE.
The scrip opened at Rs274.70 and has touched a high and low of Rs279 and Rs274.70, respectively. So far, 57,222 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs1,978.19cr.
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