On Wednesday, the shares of Cosmo Flims have soared 10 per cent to Rs 2,044.75 traded on the Bombay Stock Exchange (BSE). On May 9, 2022, the company announced bonus shares. The BOD also considers the audited financial statement as of 31st March 2022.

In the past year, the stock of packaging companies has zoomed 190 per cent, compared to an 18 per cent rise in the S&P BSE Sensex. On April 11, 202, the record hit a high, and it was a decline in the morning trade at Rs 2,015 against 0.51 per cent in the benchmark index.

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Cosmo Films is the leader in India for packaging, labeling, lamination and synthetic paper and is an emerging player in specialty chemicals, polymers, and pet care.

In March, the company announced expansion by setting up a CPP film production line at Aurangabad with an annual rated capacity of 25,000 metric tons (MT). The CPP line will require an investment of about Rs 140 crore, funded through internal accruals and debts and is expected to commence commercial production in 2 years.

“With current CPP capacity running close to 100 per cent utilization, the company planned capacity expansion with the world’s largest width line and lowest cost of production. Other growth plans, i.e. Specialized BOPET line, BOPP line, focus towards growing specialty sales, expansion with Cosmo Specialty Chemicals and Zigly are progressing well in line with the plan,” the company said.