Overall pattern setup suggests that trend could remain intact while decline could be bought to continue its upward journey, experts said.
The company had posted a net profit of Rs 27.84 crore during the same period last fiscal.
In an interview to CNBC-TV18, Neeraj Jain, CFO of Cosmo Films discussed the company's Q2 performance.
Cosmo Films posted a subdued set of earnings in Q1, impacted by goods and services tax (GST) de-stocking. In an interview to CNBC-TV18, Pankaj Poddar, CEO of Cosmo Films spoke about the results and his outlook for the company.
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.