TPL Plastech rises on incorporating wholly Owned Subsidiary
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TPL Plastech is currently trading at Rs. 52.00, up by 0.22 points or 0.42% from its previous closing of Rs. 51.78 on the BSE.
The scrip opened at Rs. 53.69 and has touched a high and low of Rs. 54.00 and Rs. 50.40 respectively. So far 47191 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 54.00 on 16-Oct-2023 and a 52 week low of Rs. 25.75 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 54.00 and Rs. 42.50 respectively. The current market cap of the company is Rs. 406.40 crore.
The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 0.08% and 25.06% respectively.
TPL Plastech has incorporated wholly Owned Subsidiary Company in the name of ‘Prokube Containers’ on October 13, 2023 and received Incorporation Certificate on October 14, 2023. The proposed business activity of Prokube Containers is in line with the business of the company i.e. Business of Polymer and Composite Products.
TPL Plastech is a professionally managed company and India's second largest manufacturer of drums, especially Bulk Packaging i.e. 210 Ltr to 250 Ltr capacities.
