Indiabulls Mutual Fund bought 99,644 shares of Cosmo Films at Rs 423.03.
Cosmo Films expands its range in direct thermal printable products. In an interview to CNBC-TV18, Pankaj Poddar, CEO of the company spoke about the new product launch.
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In an interview to CNBC-TV18, Pankaj Poddar, CEO of Cosmo Films said that new specialty polyester plant to be set up at Aurangabad in Maharashtra.
Hanuman Textile Manufacturing & Investment Co Ltd sold 2,389,000 shares of Cosmo Films at Rs 381.10 per share on the BSE.
On March 17, 2017 Hanuman Textile Manufacturing & Investment Co bought 23,89,000 shares of Cosmo Films.
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Cosmo Films, a manufacturer of biaxially oriented polypropylene (BOPP) films, today said it has installed new line to increase annual capacity by 40 per cent to 1.96 lakh MT at an estimated cost of Rs 200 crore at its Gujarat facility.
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Pankaj Poddar, CEO of Cosmo Films attributed the subdued second quarter performance to lower polypropylene prices that was passed down to customers. He added volumes grew 3 percent during the quarter.
Rajat Bose of rajatkbose.com is of the view that one may hold Cosmo Films.
"Cosmo Films (Netherlands) Cooperatief U.A (a wholly owned step down entity of CF Global Holding Mauritius Ltd) stands liquidated w.e.f October 28, 2016," the company informed BSE.
"We intend to invest something like Rs 1,000 crore in Maharashtra over a period of next five years", Pankaj Poddar, CEO of Cosmo Films told CNBC-TV18.
The Company has entered into a definitive MOU for purchase of about 34 acres of industrial land adjacent to its existing manufacturing plant on 16 acres of land at Waluj, Aurangabad, Maharashtra for setting up new production facilities in due course.
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In an interview with CNBC-TV18, Ashok Jaipuria, CMD, Cosmo Films, provided an update over the company's expansion plans and said the company should see its profits growing over last year's.
Cosmo Films has reported a consolidated total income from operations of Rs 382.53 crore and a net profit of Rs 18.92 crore for the quarter ended Jun '16
Pankaj Poddar, CEO of Cosmo Films said that a 20 percent fall in polypropylene prices in the quarter impacted the company‘s sales by about 12 percent, given that polypropylene price decreases were passed on to customers.
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According to Mehraboon Irani of Nirmal Bang Securities, one can prefer Cosmo Films over Uflex.
Mehraboon Irani of Nirmal Bang Securities likes Cosmo Films, Mold-Tek Packaging and Dalmia Sugar.
Dynamic Levels is bullish on Cosmo Films has recommended buy rating on the stock with a target price of Rs 450 in its research report dated May 14, 2016.
For the financial year ending 31st March 2016, EBITDA grew 80 percent YoY, from Rs. 109 crore to Rs. 197 crore. PAT grew 248 percent YoY from Rs. 28 crore to Rs. 96 crore.
Mehraboon Irani of Nirmal Bang Securities is of the view that Ruchira Papers may give 40 percent return in 8-9 months.
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