Subesquently, Wim Plast shares surged 18.99% to Rs 474.90 in early deals against the previous close of Rs 399.10 on BSE. Market cap of the firm rose to Rs 512.54 crore.
Despite the rebound today, the stock is still oversold on charts with its RSI at 16.8. A RSI below 30 indicates that a stock is oversold on charts.
The stock has fallen 21% in a year and lost 19% in six months.
Shares of Wim Plast are in a weak zone. The stock trades lower than the 30 day, 50 day, 100 day, 150 day, 200 day but higher than the 5 day, 10 day, and 20 day moving averages, signalling the trend has been majorly on the negative side.
Wim Plast is engaged in manufacturing of various plastic products such as Plastic Moulded Furniture, Extrusion Sheets, Air Coolers, Dustbin, Industrial Pallets and Industrial and Engineering Moulds.
The plastic products firm you are referring to is Wim Plast Ltd.
Shares of Wim Plast, a subsidiary of Cello World, surged as much as 19% on Tuesday, January 20, 2026, after the company’s latest shareholding pattern revealed that veteran investor Ramesh Damani has acquired a significant stake.
Key Details of the Investment
Stake Acquired: Ramesh Damani now holds 1,20,297 shares, which represents a 1% stake in the company.
Timing: His name appeared in the public shareholders' list for the quarter ending December 31, 2025.
Stock Performance: The stock hit an intraday high of ₹474.90 (up 19%) from its previous close of ₹399.10.
About Wim Plast Ltd.
Wim Plast is a micro-cap company with a market capitalization of approximately ₹520 crore. It is a key player in the "Cello" group and is primarily known for:
Plastic Moulded Furniture: Chairs, tables, and stools.
Industrial Products: Plastic crates, pallets, and dustbins.
Consumer Goods: Air coolers and various household utility items.
Why the Market is Reacting
Ramesh Damani is known for his "buy and hold" value investing strategy and his knack for spotting long-term trends (such as the early IT boom). His entry into a micro-cap like Wim Plast is often seen by retail investors as a strong vote of confidence in the company's fundamentals and the broader "consumption" theme in India.
Would you like me to look up the latest quarterly profit figures for Wim Plast to see the financial health behind this move?
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