Uflex launches first Glitter Printing Rotogravure Cylinder in India
Adding to its wide range of innovations, Uflex launched its special glitter ink for flexible substrates such as paper and heat sensitive films on Monday. The glitter ink will get cured by LED lamps applied in-line with gravure printing process using solvent or water-based ink system.
Uflex is the first Indian company to manufacture Glitter Printing Rotogravure Cylinder on its direct laser engraving line. Pigments of glitter inks are substantially bigger in size as compared to conventional gravure inks making rotogravure printing on substrates using glitter inks a challenging work for convertors. Thus the company has developed bigger sized customized pits (cells) that trap the high solid content of the glitter ink.
The company posted a 12.7 per cent year-on-year hike in its top line to Rs. 1679.76 crore in the third quarter of fiscal year 2018. However, its net profit had declined by 29.49 per cent on a yearly basis to Rs. 52.01 crore for the corresponding quarter of fiscal year 2018.
The stock had touched its 52-week high of Rs. 506.75 per share on December 26, 2017 and its 52-week low of Rs. 263.95 per share on March 10, 2017 on BSE, respectively. It hit an intraday high of Rs. 373.45 per share and an intraday low of Rs. 362.60 per share on BSE.
At 1106 hours IST, the stock was trading at Rs. 363 per share, down by 2.27 per cent on BSE on Monday. Meanwhile, S&P BSE Sensex was trading at 33,749.69 level, down by 0.87 per cent and NSE Nifty50 was trading at 10,352.95 level, down by 1.02 per cent, respectively.