Polyplex Company Ltd additionally witnessed a soar in quantity as greater than 22.13 lakh shares modified arms on NSE.
Purchase / Promote Polyplex Corp share
Shares of Polyplex Company jumped over 13 % on the BSE in intraday commerce to hit the session’s excessive at Rs 1,695 per piece on Wednesday, marking the largest single-day acquire for the inventory in over 9 months.
Polyplex Company Ltd. additionally witnessed a soar in quantity as greater than 22.13 lakh shares modified arms on the NSE on Wednesday in comparison with the final three-week common each day quantity of 74,123 shares. On the BSE, a complete of 1.37 lakh shares had been traded.
The container and packaging firm’s shares just lately hit a 52-week low of Rs 1,463.3 per piece on the BSE on December 23, 2022. In lower than 4 weeks, the corporate’s shares have zoomed nearly 16 % to hit their most acquire in a day during the last 9 months.
Polyplex Company is a small-cap firm and has the seventh-largest capability of polyester (PET) movie on the planet.
Within the September quarter, the corporate’s web revenue elevated 19.76 % to Rs 115.02 crore from Rs 96.04 crore in the identical quarter final yr. The online gross sales surged 35 % YoY to Rs 2,089.29 crore from Rs 1,547.58 crore within the year-ago interval.
Polyplex’s EBITDA rose 18.33 % within the September quarter to Rs 327.32 crore from Rs 276.61 crore within the year-ago quarter. Its earnings per share (EPS) superior to Rs 36.64 from Rs 30.59 in the identical quarter a yr in the past.
Polyplex Company’s shares ended 11.7 % increased at Rs 1,672.80 per share on Wednesday.
(Edited by : Rukmani Krishna)