Uflex Ltd Gains on new product launch

On a day when markets are good, Uflex Ltd gained 1.42% after announcement of a new product.

Uflex Limited, India’s largest multinational flexible packaging materials and Solutions Company has announced the launch of a Low Opacity, Good Gloss White,Anti-Static Twist Wrap Polyester Film FLEXPET F-WTG-AS. This bi-axially oriented polyethylene terephthalate (BOPET) film, as is clear from the name, is low opaque/ translucent and has good gloss.

The company asserted that this new film, besides protecting the product, will be imparting superior aesthetics to the product.

Speaking about the newly launched substrate, Mr. Ashok Chaturvedi, Chairman & Managing Director Uflex Limited said, “With incessant R&D supported by the most contemporary and cutting edge technology, my engineers never ever fail to delight our clients by addressing their pain points with the most optimized and sustainable packaging solutions. Low Opacity, Good Gloss White Anti-static Twist Wrap Polyester Filmadds a whole new dimension to candy/confectionery packaging”. 

Uflex Ltd is currently trading at Rs. 422.25, up by Rs. 5.9 from August 24. Its 52-week high stood at Rs 462 and 52-week low was at Rs 226.20 per share, respectively. The stock attracted a total traded volume of 17,208 shares on BSE at 1300 hours. The stock has witnessed an increase of 78.12% in the last one year.