Pravesh Gour, Senior Technical Analyst, Swastika Investmart said,''Pyramid Technoplast has debuted as a flat-to-positive listing at Rs 188 (+13%) to its issue price because of equity market conditions. The issue had also received a good response from investors on both the institutional and retail sides. Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (polymer drums) mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging requirements. The company has a strong brand presence and a wide customer base, and it is also expanding its operations. It has strategic locations for its manufacturing units''.
