Jindal Poly Films shines on making investment in Universus Commercial Properties

Jindal Poly Films is currently trading at Rs. 1052.25, up by 24.25 points or 2.36% from its previous closing of Rs. 1028.00 on the BSE.

Jindal Poly Films
Jindal Poly Films

The scrip opened at Rs. 1042.25 and has touched a high and low of Rs. 1063.10 and Rs. 1042.25 respectively.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1444.40 on 17-Mar-2022 and a 52 week low of Rs. 877.85 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 1063.10 and Rs. 1006.00 respectively. The current market cap of the company is Rs. 4501.24 crore.

The promoters holding in the company stood at 74.55%, while Institutions and Non-Institutions held 2.98% and 22.47% respectively.

Jindal Poly Films has made investment into Equity Shares of Universus Commercial Properties (UCPL) on its incorporation. Consequently, the company now holds 100% of the total paid up Equity Share capital of UCPL. Object of the proposed investment is to gain from the profitable real estate opportunities by UCPL.

Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. JPFL has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.

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