Polyplex Corp is making news today. From its previous close of Rs.1830.20, the stock opened itself at a new 52-week high of Rs.1984.70.
In the current circumstances, any good news is very good news and the market wants to celebrate. Reflecting this mood of the Street, the stock hit a new high after the company said that it has begun operations of 10.6 meter BOPP Film at Indonesia from yesterday, 7th Dec.
This unit has a capacity of 60K TPA by PT Polyplex Films Indonesia, a wholly owned subsidiary of Polyplex (Thailand) Public Company Limited (PTL), Thailand, (51 % subsidiary of the Company).