TCPL Packaging surges 14%, hits 52-week high on healthy outlook

The acquisition of COPPL has strengthened TCPL's diverse portfolio with the foray into the high-potential rigid boxes space targeting the growing smartphone & electronics industry.

Shares of TCPL Packaging surged 14 per cent to a hit 52-week high of Rs 694 on the BSE in Friday’s intra-day trade on a healthy outlook. The stock of the sustainable packaging solutions producer has surpassed its previous high of Rs 662 touched on February 6, 2022. It had hit a record high of Rs 780 on June 29, 2016.

At 11:49 am, TCPL Packaging was trading 10 per cent higher at Rs 666, as compared to a 0.21 per cent gain in the S&P BSE Sensex. In the past two weeks, the stock has rallied 28 per