Packaging stocks rally up to 11% post Q1; Uflex, Polyflex hit 52-week highs

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Packaging stocks rally up to 11% post Q1; Uflex, Polyflex hit 52-week highs - Business Standard

Quick Summary:

That apart, the ongoing rural demand growth for FY25 is to be driven by a better monsoon, good harvest, higher MNREGA budget allocation, stable inflation, increased government spending and signs of recovery of the domestic demand before the festive season, it added.

Jindal Poly Films, on the other hand, soared 11 per cent to Rs 825.90 on the BSE in the intraday trade today.

With the packaging film industry showing signs of bottoming out during the quarter, there is now a promising opportunity to capitalise on an emerging growth cycle.