A small cap company with a market valuation of 321 crore operating in the packaging industry is GKP Printing & Packaging Ltd. GKP Printing & Packaging Ltd., one of the world’s leading packaging manufacturers, serves various industries including apparel exports, steel utensils, playing cards, alcohol, toys. , pharmaceuticals, printers, engineering, confectionery and consumer products. The company is among the leading producers and exporters of cardboard boxes, corrugated boxes, presentation boxes, post boxes, labels, stickers, labels, inserts and flyers, mono boxes, etc. in India.

The stock hit a new all-time high of 219.25 and closed at 219.10, up 1.27% from its previous close, ahead of the company’s board meeting scheduled for August 1, 2022 (Monday) to consider and approve the free share issue. To date, the stock has reached a new 52-week high, the 52-week low for the stock was Rs. 26.00, which was hit on July 15, 2021, meaning the stock is trading currently 742% above the 52-week low at Rs. 219.10. Today’s BSE trading volume was 8,41,140 shares.

On August 1, 2022, the Board of Directors of the Company will meet to discuss and approve the issuance of free shares, the increase in the authorized share capital of the Company and the modification of the capital clause in the memorandum of association in accordance with the Companies Act 2013.

GKP Printing & Packaging’s share price fell from 26.70 on July 16, 2021 at the current level of the past year, which represents a multibagger return of 720.60%. The stock has gained 58.19% over the past six months and 51.63% since the start of 2022. The stock has gained 28.02% over the past month and 4.83% over the last five trading days. The stock is currently trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages after hitting a new all-time high. But the Relative Strength Index (RSI) for the month is showing a bearish indication and is in the overbought zone.

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