Uflex jumps as its arm incorporates step-down subsidiary in Azerbaijan
Uflex is currently trading at Rs. 477.15, up by 10.90 points or 2.34% from its previous closing of Rs. 466.25 on the BSE.
The scrip opened at Rs. 474.85 and has touched a high and low of Rs. 482.80 and Rs. 474.85 respectively. So far 834 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 859.90 on 23-Aug-2024 and a 52 week low of Rs. 380.05 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 482.80 and Rs. 459.90 respectively. The current market cap of the company is Rs. 3447.38 crore.
The promoters holding in the company stood at 44.58%, while Institutions and Non-Institutions held 8.46% and 46.97% respectively.
Uflex’s wholly owned subsidiary -- Flex Middle East, FZE, Dubai, has incorporated a step-down subsidiary with the name FLEX FILMS AZB AFEZCO., in Azerbaijan on March 17, 2025 for setting up a facility for manufacturing Biaxially Oriented Polypropylene (BOPP) Packaging Film in Azerbaijan and sell in domestic market as well as other adjoining CIS and European countries.
Uflex is India's largest multinational flexible packaging materials and Solution Company and an leading global player on polymer sciences.
