Views: 2 Author: Site Editor Publish Time: 2022-10-11 Origin: Site
Corrugated boxes (also known as carton boxes) are a key packaging material for pharma, FMCG, food products, automobiles, electrical appliances and the like. Kraft paper is the main raw material for the industry and its prices have shot up almost 90-100% since 2020 and almost 25% in the last couple of months alone.
The board said company has filed an application for listing of equity shares at NSE through direct listing route.
The stock has delivered multibagger returns to investors as it surged about 800 per cent from Rs 23 in July 2021 to Rs 203.15, its 52-week high, as of the last close. It was trading around Rs 15 in April last year.
If someone had invested Rs 1 lakh in the stock a year ago, the value of their investment would have become more than Rs 8.83 lakh, whereas the same amount invested in April 2021 would have become more than Rs 13.54 lakh today.