Shares of Uflex Ltd surged 3.48% to Rs 516.45 in Friday’s session after two key developments boosted investor sentiment. The stock opened at Rs 502.85 and touched an intraday high of Rs 522.30. Its market capitalization stood at Rs 37,290 crore.
In a positive business update, Uflex announced that Flex America, a step-down subsidiary, has commenced commercial operations of its new Cast Polypropylene Films production line in Mexico on March 26, 2025. The unit has an installed capacity of 18,000 MTPA and is expected to enhance the company’s presence in the North American packaging market.
Additionally, in a regulatory filing dated March 27, 2025, Uflex confirmed that a previous Goods and Services Tax (GST) demand of Rs 95.68 lakh for the financial year 2018–19 has been dropped following an order from the Joint Commissioner of State Tax (Appeals), Gurugram. This removal of liability offers a further financial relief and regulatory clarity for the company.
These two developments contributed to the strong rally in Uflex shares today, reflecting investor optimism around the company’s operational expansion and clean regulatory standing.
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