Polyspin Exports Ltd announces temporary stop in production of Textile Division

Polyspin Exports Ltd has decided to temporarily stop the production of Textile Division namely PEL Textiles (A Division of Polyspin Exports Limited) from today onwards due to prevailing unremunerative sale price of OE Yarn and continuous increase in raw material prices for the past few months.

The duration of stop in production of Textile Division will depend upon the improvement in the selling price of yarn and the production has been stopped until further notice.

Shares of Polyspin Exports Ltd was last trading in BSE at Rs. 54.95 as compared to the previous close of Rs. 54.38. The total number of shares traded during the day was 7801 in over 8 trades.

The stock hit an intraday high of Rs. 55.00 and intraday low of 54.20. The net turnover during the day was Rs. 428617.00.

Source : Equity Bulls

Keywords

PolyspinExports INE914G01029 TemporaryStoppage Production TextileDivision