Mamata Machinery zooms on securing patent in European Union
Mamata Machinery is currently trading at Rs 402.80, up by 18.95 points or 4.94% from its previous closing of Rs 383.85 on the BSE.
The scrip opened at Rs 380.50 and has touched a high and low of Rs 422.00 and Rs 379.40 respectively. So far 13378 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 540.90 on 30-Jul-2025 and a 52-week low of Rs 285.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 422.00 and Rs 376.70 respectively. The current market cap of the company is Rs 994.16 crore.
The promoters holding in the company stood at 62.45%, while Institutions and Non-Institutions held 0.37% and 37.18% respectively.
Mamata Machinery has been granted a patent in the European Union (EU) for its invention ‘A Cross Sealing Device’. This proprietary cross sealing technology, originally patented in India & the US, has been developed by the company for the sealing mechanism used on its advanced packaging machines.
With the EU patent, the company will be able to offer this innovative sealing solution to customers across the European market, strengthening its position as a technology-driven player in global flexible packaging machinery.
Mamata Machinery manufactures and exports plastic bags and pouch making machines, packaging machines and extrusion equipment.
