There is big news for the packaging industry that will trigger good action in shares related to these companies. The central government has issued a notification regarding the use of recycled plastic bags in the packaging industry, informed Zee Business Managing Editor Anil Singhvi on Thursday.  

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The Ministry of Environment, Forest, and Climate Change has issued a notification. The ready-to-eat and packaging industry will be now allowed to use some packaging products, Singhvi said. 

He further said that now recycled plastic bags can be used for packaging products. This decision will impact the whole industry. The Ministry has notified that recycled plastic bags can be used for packaging products. 

Singhvi said that this is good news for Polyplex Corp, Cosmo Films companies. These companies basically manufacture packaging materials.    

This decision will directly impact the ready-to-eat and packaging industry. The raw material cost for packaging is likely to get reduced for these companies, he added.

Singhvi advised holding Polyplex Corp shares for now. Target is expected Rs 2,500. Polyplex Corp and Cosmo Films stocks are trading high today with 1.19 per cent and 1.35 per cent increase, respectively.

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