Uflex spurts after strong Q2 results

Uflex rose 9.32% to Rs 173.05 at 11:55 IST on BSE after consolidated net profit rose 42.25% to Rs 65.11 crore on 9.17% rise in net sales to Rs 1610.20 crore in Q2 September 2014 over Q2 September 2013.

The result was announced after market hours on Tuesday, 11 November 2014.

Meanwhile, the BSE Sensex was up 184.65 points, or 0.66%, to 28,094.71.

On BSE, so far 5.97 lakh shares were traded in the counter, compared with an average volume of 1.32 lakh shares in the past one quarter.

The stock hit a high of Rs 177.85 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 164.45 so far during the day. The stock hit a 52-week low of Rs 61.15 on 20 February 2014.

The stock had underperformed the market over the past one month till 11 November 2014, rising 2.29% compared with 6.13% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 19.11% as against Sensex's 9.37% rise.

The small-cap company has an equity capital of Rs 72.21 crore. Face value per share is Rs 10.

Uflex manufactures flexible and laminated packaging. The company's products are used in packaging for cosmetics, pharmaceuticals and toiletries.

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