Uflex bags ICAR-NRCP accreditation, surges by 3 per cent

The share prices of packaging major Uflex surged by over 3 per cent on the bourses on Monday as the Indian Council of Agricultural Research – National Research Centre on Pomegranate (ICAR-NRCP) granted its accreditation to the company’s Flexfresh liner bag. 

The accredition was granted by ICAR-NRCP after conducting various tests with a clear protocol of comparing the shelf-life of pomegranates in refrigerated conditions.

Flexfresh is a patented polymeric film produced by the company to provide packaging solution for fresh fruits, vegetables and flowers. The product is the first biodegradable film that maintains Holy Grail of oxygen and water barrier for fresh produce packaging while maintaining 98 per cent humidity inside the package.   .   

Uflex Limited hit an intraday high of Rs 452.45 per share and an intraday low of Rs 438.80 per share on BSE on Monday. At 1300 hours IST, the stock was trading at Rs 446.55 per share, up by 1.77 per cent on BSE. Meanwhile, S&P BSE Sensex was trading at 31,821.69 level, higher by 0.02 per cent and NSE Nifty50 was trading at 9,978.45 level, lower by 0.01 per cent, respectively.   

Uflex Limited had hit its 52-week high of Rs 462 per share on July 28, 2017 and its 52-week low of Rs 226.20 per share on November 22, 2016 on BSE, respectively.