Jindal Poly Films is currently trading at Rs. 330.55, up by 6.90 points or 2.13% from its previous closing of Rs. 323.65 on the BSE.
The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 331.10 and Rs. 318.00 respectively. So far 12,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 538.75 on 11-May-2016 and a 52 week low of Rs. 300.00 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 338.40 and Rs. 316.80 respectively. The current market cap of the company is Rs. 1,446.27 crore.
The promoters holding in the company stood at 74.55%, while Institutions and Non-Institutions held 3.91% and 21.54% respectively.
Jindal Poly Films has received an approval for expansion plans for its India operation by way of investment of Rs 350 crore in Polyester Line - H, (PET) and CP Plant for manufacturing of Polyester Chips to be used for internal consumption to manufacture BOPET Film. After commencement of Line, the combined capacity of BOPET films will be totaling to 1,82,000 TPA. The board of director at its meeting held on March 6, 2017 has approved for the same.
Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. JPFL has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.