Packaging stocks hit new highs; Jindal Polyfilms, Uflex surge up to 10%

Jindal Polyfilms has hit a new high, surging 10 per cent at Rs 941 on the BSE in the intra-day trade. The stock has zoomed 91 per cent in the past 10 trading days of the March

Shares of container & packaging companies were on a roll, hitting new highs on the BSE on Monday, in an otherwise weak market on improved outlook. Jindal Polyfilms, Uflex and Cosmo Films rallied between 6 per cent and 10 per cent in the intra-day trade. In comparison, the S&P BSE Sensex was down 1.1 per cent at 50,228 points at 10:13 am.

Under the influence of Covid-19 pandemic, the packaging industry continued to remain on its toes to meet all time high demand for packed food, medicine and other essential goods.

That apart, the government has also issued a draft regulation under