Business Standard

Packaging stocks in focus; Everest Kanto up 10%, Cosmo Films hits new high

Cosmo Films gained 1.82 per cent to its fresh all-time high of Rs 488.95 on the BSE after announcing its June quarter earnings

Following the sharp run-up, returns are expected to plateau.
Premium

SI Reporter New Delhi
Shares of packaging companies were in focus at the bourses on Thursday and rallied as high as 10 per cent on the back of decent June quarter results.

Cosmo Films rose 1.82 per cent to its fresh all-time high of Rs 488.95 on the BSE after announcing its June quarter earnings (Q1FY20) yesterday. The company posted a 69.15 per cent year-on-year (YoY) increase in consolidated net profit at Rs 46.99 crore for the first quarter ended June 2020.

Among other stocks, Everest Kanto, Essel Propack, Jindal Poly Film, Kanpur Plasti, Ester Industries, and Hitech Corp all gained in the range of 5-10 per

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 20 2020 | 12:25 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com