Today this small packaging company surged till 10 per cent!

Kamal Mansuriya
Today this small packaging company surged till 10 per cent!

The company has astoundingly delivered a multibagger return, surpassing 230 per cent.

Today, the shares of Jindal Poly Films surged. Yesterday, after the market closed, the company announced that it had entered into an agreement to acquire 100 per cent shareholding of JPF Netherlands Investment B.V.

The company announced that the Board of Directors has granted approval for the acquisition. On June 6, 2023, the company entered into an agreement to acquire 100 per cent of the shareholding in JPF Netherlands Investment B.V., a Netherlands based entity. This entity operates through three wholly owned subsidiaries located in France, Italy, and the United Kingdom. It specializes in the production of specialty films, including nylon, coated, and metalized films, as well as laminates. These products are primarily used in the flexible packaging industry, serving sectors such as food, pharmaceuticals, and luxury goods.

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Yesterday the scrip closed at Rs 672.50. Today it opened at Rs 700 and currently trading at Rs 718.15, up by 6.79 per cent. In today’s trading session, it touched a high of Rs 740, up by 10.04 per cent and low of Rs 700.

The company has a market cap of around Rs 3,150 crore. It has 52-week high of Rs 1164.50 and a 52-week low of Rs 485. The company has delivered a multibagger return of more than 230 percent over the past 5 years.

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