Keep an eye on this stock, which was locked in the upper circuit on December 07

Today, the shares of this company saw a spurt in volume by more than 83 times on BSE.

One of the Top Gainers on the BSE today, shares of Kanpur Plastipack Ltd surged 20 per cent to reach the upper price band of Rs 111.60 per share. The company's stock price has increased significantly today, as a result of recent strong trading activity. 

The company has a PE multiple of 15.45, an ROE of 15.7 per cent and a ROCE of 15.2 per cent. Thus, the increase in the stock price is primarily due to the company's better results in FY23 than in FY22 and hence it witnessed some fresh buying. As of September 2022, the shareholding pattern of the company is promoters holding 66.74 per cent and the public holding 33.26 per cent, respectively.   

Kanpur Plastipack Ltd is engaged in the manufacturing of bulk bags or flexible intermediate bulk Containers (FIBCs) and other industrial packaging products. The company has more than 30,000 MT production plants. It has also installed solar rooftop panels with a capacity of 576.5 KW to run the production process smoothly and pollution free.   

Today, the shares of Kanpur Plastipack Ltd saw a spurt in volume by more than 83 times on BSE. The stock price CAGR for the company is 42 per cent in 3 years. Investors should keep this stock under their watchlist.