Indian Acrylics Ltd updates on resumption of production at its plants

Indian Acrylics Ltd is gradually increasing production at both of its plants of Acrylic Fibre and Acrylic Yarn. The capacity utilization of the plant has improved in the Month of August as compared to May-July 2020 on account of improved sales. The Company continue to maintain leadership position in the segment of ready to use dyed yarns on the Cone inspite of Covid-19 situation and low consumer confidence. The company expects that the production and sales level will improve further in the coming months and will reach to about 85% of Pre-Covid level. The monthly sale revenue in the month of July & August 2020 are Rs.34 Crore and Rs.47 Crores respectively. It is expected to reach Rs.60 Crore in another one or two month time.

Shares of INDIAN ACRYLICS LTD. was last trading in BSE at Rs.9.48 as compared to the previous close of Rs. 7.9. The total number of shares traded during the day was 811999 in over 1472 trades.

The stock hit an intraday high of Rs. 9.48 and intraday low of 7.61. The net turnover during the day was Rs. 7520169.

Source : Equity Bulls

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