Cosmo Films is currently trading at Rs. 397.95, up by 18.20 points or 4.79% from its previous closing of Rs. 379.75 on the BSE.
The scrip opened at Rs. 379.75 and has touched a high and low of Rs. 401.75 and Rs. 379.75 respectively. So far 3644 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 491.00 on 20-Aug-2020 and a 52 week low of Rs. 187.20 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 444.35 and Rs. 375.10 respectively. The current market cap of the company is Rs. 738.24 crore.
The promoters holding in the company stood at 44.15%, while Institutions and Non-Institutions held 3.71% and 52.15% respectively.
Cosmo Films’ board approved resuming further investment into the new line for Specialized BOPET Film at Aurangabad, Maharasthra, India which was on hold since November 2018. The revised project cost will be Rs 300 crore and will be financed through a mix of internal accruals and loans. The commercial production will commence by Q2 FY2022-23. The Board of Directors of the company in its meeting held on September 1, 2020 has approved the same.
Cosmo Films is a leading global brand, offering value added BOPP and CPP films for packaging, labelling, lamination and industrial applications.
