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Wednesday, November 23, 2016

Uflex Share Price rises on Breakthrough in Flexfresh Liner Bags


UFLEXUflex share price zoomed by more than 6 per cent in today’s trading session to make an intraday high of Rs 251.50 so far during the day. A total of 1,51,069 shares of the company have been traded on NSE till now amounting to a total of Rs 368.43 lacs.
Uflex is a multibagger stock for this quarter as identified by Dynamic Levels, based on its technical as well as fundamental research; it is seen to have a high liquidity in the market. Multibagger stocks have a huge potential to grow in the long run. In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Uflex share price history.
Uflex reported breakthrough for Flexfresh liner bags in Europe. It used the solution from the India packaging major to ship blueberries from South America to Europe.
The journey usually known to take more than 5 weeks by sea and Uflex reported that the results of the new technology have been “more than astounding.”
The blueberries packed in Flexfresh reportedly shed merely 0.76 per cent weight after a period of 7 weeks, thus registering a phenomenal 96 per cent reduction in weight loss upon arrival while the loose blueberries resulted in an average weight loss of 19.96 per cent.
Notably Flexfresh works on the principle of Active Modified Atmospheric Packaging also known as AMAP – a solution that Uflex has launched globally in collaboration with the Perfotec B.V of The Netherlands.
Uflex share price is currently trading at Rs 249.50, precisely up by 6.28 per cent or 14.75 points on National Stock Exchange. The share price opened at Rs 237.70, from a previous closing of Rs 234.75. The Lower Price Band is 187.80 and the Upper Price Band is 281.70.

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