Uflex unveils gearless flexo printing machine; stock up 6 per cent

Adding to the company's fleet of innovation, packaging major Uflex launched its first in-house manufactured Gearless CI Flexo printing machines on Tuesday. Following the development, the share price of Uflex surged by nearly 7 per cent on BSE in the intraday trade on Tuesday. 
  
The Gearless CI Flexo printing machine is an 8 colour central impression gearless flexo printing machine with an additional station for special purpose registered coating applications. 
  
On Tuesday, the company hit an intraday high of Rs. 353.05 per share and an intraday low of Rs. 335.50 per share on BSE, respectively. The stock had touched its 52-week high of Rs. 506.75 per share on December 26, 2017 and its 52-week low of Rs. 267.50 per share on March 14, 2017 on BSE, respectively.         
  
The stock closed at Rs. 350.00 per share, higher by 6.06 per cent on BSE. Meanwhile, S&P BSE Sensex closed at 33,856.78 level, lower by 0.18 per cent and NSE Nifty50 closed at 10,426.85 level, higher by 0.05 per cent.