Prakash Pipes rises on commissioning Nordmeccanica Supercombi 5000 laminator
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Prakash Pipes is currently trading at Rs. 624.50, up by 1.30 points or 0.21% from its previous closing of Rs. 623.20 on the BSE.
The scrip opened at Rs. 620.00 and has touched a high and low of Rs. 628.55 and Rs. 616.60 respectively. So far 3453 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 646.95 on 02-Sep-2024 and a 52 week low of Rs. 248.10 on 09-Oct-2023.
Last one week high and low of the scrip stood at Rs. 646.95 and Rs. 615.90 respectively. The current market cap of the company is Rs. 1497.05 crore.
The promoters holding in the company stood at 44.27%, while Institutions and Non-Institutions held 0.94% and 54.80% respectively.
Prakash Pipes has successfully commissioned its Nordmeccanica Supercombi 5000 laminator, looking at the growing demand for value added solutions such as HSL coating, water based adhesive lamination, in-register cold seal adhesive and foil-to-foil based lamination.
This machine is a multi-process workhorse, giving extreme flexibility to manufacture multiple complex structures. This high speed, state-of-the-art machine is equipped with modern technological features that will support in better quality and will provide better efficiencies in execution by enhancing the capacities and capability for value added products.
The packaging division has been forging forward with focus on quality and timely deliveries leading to strong customer base in India as well as in global markets, and has positioned itself as a trusted provider of high quality packaging solutions.
The company is engaged in the business of PVC Pipes and Flexible Packaging.
