Indian Acrylics Ltd updates on business

Indian Acrylics Ltd has announced that the sale of Acrylic Fibre and Acrylic Yarn by the company is steadily going up since last quarter in both domestic as well as export markets. Export sale of the company are increasing to double in this quarter. The operation rate of the plant has further increased to 80% in acrylic fibre business and 84% in spinning business during this quarter, which is higher by 4% over the last quarter.

The gradual easing of Covid 19 restrictions on Retail sector / Schools is helping in the return of domestic consumer demands of Acrylic garments and also in the increase of Acrylic Fibre and Acrylic yarn Sales. There is improvement of sale and margin following recent cut of production capacity by producers of Acrylic Fibre in Germany and also due to new capacity of raw materials adding within Asia.

Shares of INDIAN ACRYLICS LTD. was last trading in BSE at Rs. 12.14 as compared to the previous close of Rs. 12.26. The total number of shares traded during the day was 65276 in over 168 trades.

The stock hit an intraday high of Rs. 12.50 and intraday low of 11.80. The net turnover during the day was Rs. 800341.00.

Source : Equity Bulls

Keywords

INDIANACRYLICS INE862B01013 BusinessUpdate AcrylicFibre AcrylicYarn Exports