Essel Propack surges 6% on long term contract in Europe

Essel Propack, a specialized packaging company, surged on Wednesday after its subsidiary in Poland bagged a long term contract from a multinational FMCG player for supply of tubes in Europe.

"Upon fully ramping up this contract will contribute annually around Euro 15 million on revenue," it said. Shares ofthe companyare trading at Rs 38.25, up Rs 2.2, or 6.10% at the Bombay Stock Exchange (BSE) on Wednesday at 12:35 p.m.The scrip has touched an intra-day high of Rs 39.40 and low of Rs 37.20. The total volume of shares traded at the BSE is 124,715.In the earlier session, the shares climbed 3.3%, or Rs 1.15, at Rs 36.05. Currently, the stock is trading down 17.83% from its 52-week high of Rs 46.55 and above 40.11% over the 52-week low of Rs 27.30.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 36.90 (0.85) (2.30) 1 Month 41.85 (5.80) (13.86) 3 Months 41.30 (5.25) (12.71) 6 Months 32.45 3.60 11.09 1 Year 32.80 3.25 9.91 Note: Based on previous day closing price.