Polyplex Corporation surges 10% on hopes of strong operational performance

The operation ramp-up at its BOPP facility and the commencement of additional capacities over the medium term will support the volume growth and is likely to ensure a healthy operating performance

Shares of Polyplex Corporation surged 10 per cent to Rs 2,134 on the BSE in Tuesday's intra-day trade amid expectations of strong operational performance going forward.

The stock of the containers & packaging company was trading close to its record high level of Rs 2,150, touched on February 10, 2022. In comparison, the S&P BSE Sensex was down 0.20 per cent at 56,374 points at 11:45 AM.

In the past one week, Polyplex has outperformed the market by surging 15 per cent after rating agency India Ratings and Research (Ind-Ra) revised Polypiex Corporation's outlook to 'Positive' from 'Stable'