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 which there can be a ban on single use plastic for candy & ice cream stick, film wraps around sweet boxes and cigarette packets, etc.
Read more about Stock of this packaging firm has soared 59% in 8 trading sessions of March on Business Standard. BSE has sought clarification from Jindal Poly Films with reference to significant movement in price. The reply, however, is awaited