update

Essel Propack trades in fine fettle on BSE.

       Essel Propack is reportedly eyeing a deal for the packaging business of Hindustan Unilever’s (HUL) oral care brands Pepsodent and Close Up in the domestic market. The packaging company already has oral care clients such as Colgate, Dabur and Vicco in India.

       

       HUL is the second largest oral care player after Colgate, while Essel Propack, part of $2.4 billion Essel Group with a turnover of over $300 million, is a specialty packaging company. The company’s products have applications in areas of oral care, cosmetics, personal care, pharmaceutical, food and industrial sectors, by offering customized solutions.

       The company is also planning to grow its non-oral care portfolio, in categories such as beauty, cosmetics, pharmaceuticals and foods in both India and overseas. In India, Essel Propack has been catering to clients such as Emami, Dabur, Shehnaz Hussain and Avon in the non-oral category.

       The promoters holding in the company stood at 61.13% while Institutions and Non-Institutions held 12.28% and 26.60% respectively.

       The BSE group 'B ' stock of face value Rs 2 has touched a 52 week high of Rs 118.05 on 03-Jul-2014 and a 52 week low of Rs 34.10 on 03-Sep-2013.

       Last one week high and low of the scrip stood at Rs 112.25 and Rs. 102.00 respectively. The current market cap of the company is Rs 1720.26 crore.

       

       The scrip opened at Rs 107.00 and has touched a high and low of Rs 111.40 and Rs. 106.90 respectively. So far 48396 shares were traded on the counter.

       

Essel Propack is currently trading at Rs 110.10, up by 7.20 points or 7.00% from its previous closing of Rs 102.90 on the BSE.