Cosmo First jumps on launching new business division `Cosmo Plastech`
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Cosmo First is currently trading at Rs. 687.50, up by 10.25 points or 1.51% from its previous closing of Rs. 677.25 on the BSE.
The scrip opened at Rs. 689.45 and has touched a high and low of Rs. 698.00 and Rs. 673.20 respectively. So far 2606 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 856.95 on 19-Oct-2022 and a 52 week low of Rs. 549.95 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 698.00 and Rs. 664.00 respectively. The current market cap of the company is Rs. 1802.18 crore.
The promoters holding in the company stood at 45.04%, while Institutions and Non-Institutions held 4.61% and 50.35% respectively.
Cosmo First has launched its new business division - Cosmo Plastech. This strategic move aligns perfectly with the company's vision of offering a diverse range of packaging solutions to its valued partners for a wide array of FMCG products, providing enhanced supply chain efficiency.
Cosmo Plastech’s containers are well-designed, offer excellent clarity and are manufactured to serve the food and beverage industry especially. Prioritising product recyclability, Cosmo Plastech has also introduced a recycling programmed to ensure that the packaging solutions don’t reach landfills, fostering a culture of positive change and contributing to a circular economy.
Cosmo First (Formerly Cosmo Films) is a leading global brand, offering value added BOPP and CPP films for packaging, labelling, lamination and industrial applications.
