TCPL Packaging gains post dividend announcement

TCPL Packaging declared a dividend of Rs. 5.25 per equity share at its annual general meeting held on September 13, 2019. Post this development, the stock of the company inched higher by 1.15 per cent intraday in BSE on Tuesday session.

The company stated that the dividend shall be paid to the shareholders on or after September 17, 2019. For FY19, TCPL reported a turnover of more than Rs. 800 crore.

Recently the cardboard manufacture commenced commercial production at a new unit situated located in Goa.

TCPL Packaging Limited is engaged in manufacturing folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs and shelf-ready packaging. The company has also ventured into the flexible packaging industry with capability of producing printed cork-tipping paper, laminates, sleeves and wrap-around labels.

The manufacturer has its head office in Mumbai with many more marketing offices in metro cities around India. It has also been able to maintain a healthy global presence in African countries, Australia, USA, UK, etc. with the assurance of world-class quality and service.

On Tuesday, the stock of the company was last trading at Rs. 298.4, up by 1.15 per cent or Rs. 3.4 per share. The 52-week high is Rs. 520 and 52-week low is Rs. 263 on BSE.