Strong Q1 Numbers Could Not Pull Essel Propack Up

On 2nd Sept, Essel Propack share price rolled down below 3.68% and was quoting below 8.20
points at Rs. 214.50, despite strong quarterly result. The stock opened at Rs. 219.05 against its
previous close at Rs. 222.70, touching the days high and low at Rs. 219.05and Rs. 206.85. The
stock saw spurt in volume by more than 9.05 times.
Essel Propack , the packaging firm disclosed a 6.63 percent increase in its consolidated net
profit for the June quarter at Rs 37.62 crore. The company had noted a net profit of Rs 35.28
crore in the same period last year, as per the reports of the company. Net sales on consolidated
basis went up 3.52 percent to Rs 528.03 crore during the quarter under review as compared to Rs
510.06 crore in April-June period of last financial year. On the other hand,, in a separate filing,
Essel Propack mentioned that the Bombay High Court has approved scheme of amalgamation
and arrangement of Whitehills Advisory Services Pvt Ltd with Essel Propack on September 1,
2016.
So far during todays trading session approximately 4,37,756 shares were traded in the counter
with a traded value of Rs. 923.62 lacs. The lower price band of Essel Propack share price is at Rs.
178.20 while the upper price band is seen at Rs. 267.20.
Essel Propack , a global tube-packaging company is headquartered in Mumbai in India. It is part
of the Essel Group, and is a specialty packaging manufacturer of laminated plastic tubes for the
FMCG and Pharma space.

Essel Propack share price touched its one year high at Rs. 234.00 on 25th August 16 while the
52 week high of the stock is met on 132.00 on 20th Jan 16. The company has a market cap
amounting to Rs. 3498.65 (Cr) having a book value of Rs. 62.03.
In order to acquire detailed information regarding the support and resistance levels of the stock
refer to Essel Propack share price history.

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The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal
views of the research team. Users are advised to use the data for the purpose of information and rely on their own
judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

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Article Written By:

Nabarupa Kanjilal