Uflex shares rally nearly 9% post good Q2 show

Shares of packaging company Uflex Ltd soared nearly 9 per cent today after the company reported an increase of 43.29 per cent in consolidated net profit for the quarter ended September 30, 2014.
Uflex's scrip jumped 8.81 per cent to settle at Rs 172.25 on the BSE. During the day, it surged 12.34 per cent to Rs 177.85 -- its 52-week high level.
On the NSE, it rose by 8.57 per cent to close the day at Rs 171.60.
Led by the surge in the stock, the company's market capitalisation (m-cap) moved up by Rs 100.84 crore to Rs 1,243.84 crore.

The company's results came after the post market hours yesterday.
Uflex Ltd has reported an increase of 43.29 per cent in consolidated net profit at Rs 64.31 crore for the quarter ended September 30, 2014.

The company had posted a consolidated net profit of Rs 44.88 crore in the July-September quarter of previous fiscal.
Its consolidated net income increased 10.24 per cent to Rs 1,671.03 crore during the quarter under review as against Rs 1,515.79 crore in the same period a year ago, the company had said yesterday in a filing to the BSE.
Uflex has manufacturing base in India, Mexico, Dubai, Egypt, Poland and Kentucky to cater global markets spanning USA, Canada, South America, the UK, Europe and others.