Cosmo Films is currently trading at Rs. 377.75, up by 5.00 points or 1.34% from its previous closing of Rs. 372.75 on the BSE.
The scrip opened at Rs. 377.00 and has touched a high and low of Rs. 379.05 and Rs. 375.40 respectively. So far 2,392 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 431.00 on 20-Oct-2016 and a 52 week low of Rs. 212.50 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 379.05 and Rs. 356.70 respectively. The current market cap of the company is Rs. 734.35 crore.
The promoters holding in the company stood at 43.51%, while Institutions and Non-Institutions held 3.89% and 52.59% respectively.
Cosmo Films has started the commercial production from its new BOPP line in Gujarat. The company’s new line for production of Biaxially-Oriented Polypropylene (BOPP) films at Karjan in Gujarat has been successfully commissioned ahead of schedule with capital cost lower than planned. The new line is the most advanced and the largest line available in the world today.
The new line is 10.4 meter wide and installed for the first time in the country and has a capacity of 60,000 MT per annum representing increase of over 40% in company’s BOPP manufacturing capacity. The new line is expected to contribute to substantial growth in sales and profit in Financial Year 2017-2018.
Cosmo Films is engaged in the production of Wet Laminating, Printing and Pouching, Label Films, Soap Wrap Films, Over Wrap Films, Tape & Textile and Thermal Laminating Film for Graphic Finishing.