On the BSE, 9,335 shares were traded in the counter so far compared with average daily volumes of 23,092 shares in the past two weeks.

The stock hit a 52-week high of Rs 811.05 on 28 August 2022. The stock hit a 52-week low of Rs 325.20 on 28 March 2022.

The stock had underperformed the market over the past one month, advancing 0.57% compared with 1.9% rise in the Sensex.

The scrip had underperformed the market in past three months, declining 31.19% as against Sensex's 0.5% rise.

However, the counter had also underperformed the market in past one year, sliding 43.98% as against Sensex's 2.87% jump.

On the technical front, the stock's daily RSI (relative strength index) stood at 53.425. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 424.09, 501.25 and 591.93 respectively. These levels will act as crucial resistance zones in near term.

Uflex is India's largest multinational flexible packaging and solutions company. The company has a presence across all verticals of the packaging value chain - flexible packaging, packaging films, aseptic liquid packaging, holography, printing cylinders, engineering, and chemicals.

The company reported a consolidated net loss of Rs 85.41 crore in Q3 December 2022 as against net profit of Rs 313.21 crore in Q3 December 2021. Sales rose 0.53% YoY to Rs 3405.73 crore in Q3 FY23.