Polyspin Exports Ltd announces temporary stoppage Production at FIBC Division and Textile Division

Polyspin Exports Ltd has decided to temporarily stop the production of Assembly Section of FIBC Division on July 23, 2022. The Company has also decided to stop the entire production of FIBC Division and Textile Division namely PEL Textiles (A division of Polyspin Exports Limited) for one day i.e. on July 24, 2022 due to low order book position of the Company. Accordingly, there will be a small impact on the production schedule and financials of the Company in the near future until the position improves. However, the normal production will be resumed on July 25, 2022.

Shares of Polyspin Exports Ltd was last trading in BSE at Rs. 59.50 as compared to the previous close of Rs. 60.30. The total number of shares traded during the day was 961 in over 26 trades.

The stock hit an intraday high of Rs. 60.60 and intraday low of 58.00. The net turnover during the day was Rs. 56736.00.

Source : Equity Bulls

Keywords

PolyspinExports INE914G01029 ProductionStoppage Temporary FIBCDivision TextileDivision