Indian Acrylics Ltd reports 25% YoY increase in sales during Q3FY21

After first two quarters of lower operations level due to Covid 19 pandemic, Indian Acrylics Ltd's operations has started improving and reached near to the pre-covid levels in last two months. Sale of Fibre and yarn during December 2020 has increased by 19% approx. to Rs.64.02 crore as compared to Rs.53.90 crore in the corresponding period in the last month of December 2019. The yarn produced by the company at its Spinning Mill has started getting good response in the markets. Sale of Fibre and Yarn during this quarter has increased by 25% to Rs.188.17 crore as compared to Rs.149.62 crore in the corresponding period in the last quarter October-December 2019.

Shares of INDIAN ACRYLICS LTD. was last trading in BSE at Rs.12.11 as compared to the previous close of Rs. 11.3. The total number of shares traded during the day was 417181 in over 692 trades.

The stock hit an intraday high of Rs. 12.37 and intraday low of 11.3. The net turnover during the day was Rs. 4950962.

Source : Equity Bulls

Keywords