UFLEX.NSE Uflex Ltd.

Sun Pharma Advanced Research Company Ltd, Paisalo Digital Ltd, Bharat Bijlee Ltd and Jindal Saw Ltd are among the other gainers in the BSEs A group today, 30 August 2023.Uflex Ltd soared 13.34% to Rs 437.45 at 11:44 IST. The stock was the biggest gainer in the BSEs A group. On the BSE, 1.14 lakh shares were traded on the counter so far as against the average daily volumes of 14518 shares in the past one month. Sun Pharma Advanced Research Company Ltd surged 12.08% to Rs 257.95. The stock was the second biggest gainer in A group. On the BSE, 3.48 lakh shares were traded on the counter so far as against the average daily volumes of 26081 shares in the past one month. Paisalo Digital Ltd spiked 11.78% to Rs 63.2. The stock was the third biggest gainer in A group. On the BSE, 65098 shares were traded on the counter so far as against the average daily volumes of 1.43 lakh shares in the past one month. Bharat Bijlee Ltd jumped 7.79% to Rs 4073.5. The stock was the fourth biggest gainer in A group. On the BSE, 3618 shares were traded on the counter so far as against the average daily volumes of 976 shares in the past one month. Jindal Saw Ltd exploded 7.26% to Rs 337.45. The stock was the fifth biggest gainer in A group. On the BSE, 89147 shares were traded on the counter so far as against the average daily volumes of 63438 shares in the past one month.

Uflex has appointed Rashmi Verma (DIN: 01993918) as an Independent and Non-Executive Director of the Company to hold office for a term of 3 (three) consecutive years w.e.f. 26 May 2023.

The packaging company reported a loss of Rs 416.18 crore in the June quarter against a profit of Rs 374.49 crore in the year-ago period

The stock has rallied 17.96% in eight sessions, from its recent closing low of Rs 326.85 recorded on 28 March 2023.On the BSE, 9,335 shares were traded in the counter so far compared with average daily volumes of 23,092 shares in the past two weeks.The stock hit a 52-week high of Rs 811.05 on 28 August 2022. The stock hit a 52-week low of Rs 325.20 on 28 March 2022.The stock had underperformed the market over the past one month, advancing 0.57% compared with 1.9% rise in the Sensex.The scrip had underperformed the market in past three months, declining 31.19% as against Sensexs 0.5% rise.However, the counter had also underperformed the market in past one year, sliding 43.98% as against Sensexs 2.87% jump.On the technical front, the stocks daily RSI (relative strength index) stood at 53.425. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 424.09, 501.25 and 591.93 respectively. These levels will act as crucial resistance zones in near term.Uflex is Indias largest multinational flexible packaging and solutions company. The company has a presence across all verticals of the packaging value chain flexible packaging, packaging films, aseptic liquid packaging, holography, printing cylinders, engineering, and chemicals.The company reported a consolidated net loss of Rs 85.41 crore in Q3 December 2022 as against net profit of Rs 313.21 crore in Q3 December 2021. Sales rose 0.53% YoY to Rs 3405.73 crore in Q3 FY23.