Cosmo Films gains on expanding its range of products

Cosmo Films rose 2.50% to Rs 421.05 at 9:35 IST on BSE after the company announced expansion of its range of direct thermal printable products.

The announcement was made after market hours yesterday, 12 June 2017.

Meanwhile, the S&P BSE Sensex was up 86.48 points, or 0.28% to 31,182.18.

On the BSE, 310 shares were traded in the counter so far, compared with average daily volumes of 96,292 shares in the past one quarter. The stock had hit a high of Rs 410 and a low of Rs 414.40 so far during the day. The stock hit a record high of Rs 468.80 on 28 April 2017. The stock hit a 52-week low of Rs 310 on 3 August 2016.

The stock had underperformed the market over the past one month till 12 June 2017, falling 7.48% compared with 3.01% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 13.73% as against Sensex's 5.61% rise. The scrip had also outperformed the market in past one year, rising 20.28% as against Sensex's 17.80% rise.

The small-cap company has equity capital of Rs 19.44 crore. Face value per share is Rs 10.

Cosmo Films said it will now offer an extended range of direct thermal printable (DTP) products. This would include standard DTP films, top coated DTP films, high temperature DTP films and DTP paper.

On a consolidated basis, net profit of Cosmo Films rose 16.76% to Rs 28.15 crore on 13.45% rise in net sales to Rs 438.34 crore in Q4 March 2017 over Q4 March 2016.

Cosmo Films is one of the global leaders and manufacturers of Bi-axially Oriented Polypropylene (BOPP) films used for packaging, labels and lamination applications. The company is the largest exporter of BOPP films from India and is also the largest producer of thermal lamination films in the world with plant cum distribution centres in India, Japan, Korea & the US along with global channel partners in more than fifty countries.

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