Cosmo Films surge 10% on bonus issue plan
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Shares of Cosmo Films soared 10 per cent to Rs 2,044.75 on the BSE on Wednesday’s intra-day trade after the company announced board meet on Monday, May 9, 2022 to mull issuance of bonus shares. The board will also consider the audited financial results for the quarter and year ended March 31, 2022. In the past one year, the stock of packaging company has zoomed 190 per cent, as compared to 18 per cent rise in the S&P BSE Sensex.
Earlier, it had hit a record high of Rs 2,140 on April 11, 2022. At 10:29 AM; it was up 9 per cent at Rs 2,015, against 0.51 per cent decline in the benchmark index. Cosmo Films is a global leader in films for packaging, labelling, lamination and synthetic paper and an emerging player in specialty chemicals, polymers, and pet care.
