India's Uflex rises on unit's new facility plan in Egypt

Mold-Tek Packaging

04/10/2024 04:54

** Shares of Uflex  UFLX.NS  rise as much as 4.7%, last up
2.6% at 710.5 rupees
    ** Packaging co's unit to set up aseptic packaging facility
in Egypt with investment of $126 mln; facility will have
capacity of 12 bln packs per annum
    ** Stock on track to rise 4.5% this week, ending three-week
losing streak
    ** UFLX up 47% YTD vs a 16.2% decline in rival Mold-Tek
Packaging  MOLT.NS 

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))