Nitco tumbles after lock out at Alibaug unit

Nitco fell 4.09% to Rs 29.30 after a temporary lock out at the companys tiles manufacturing unit at Alibaug on 27 January 2020.

Jan 27, 2020 06:01 IST capital market

The lock out was necessitated due to non co-operation, coercive and threatening tactics by workmen at the factory premises and with a view to safeguard the interest of the organisation, the safety and security of the personnel and the property of the company, the company said in a statement. The announcement was made during trading hours today, 27 January 2020.

Meanwhile, the S&P BSE Sensex was down 183 points or 0.44% to 41429.89.

On the BSE, 4,867 shares were traded in the counter so far compared with average daily volumes of 8,475 shares in the past two weeks. The stock hit a high of Rs 29.85 and a low of Rs 29.1 so far during the day.

The stock hit a 52-week high of Rs 45.3 on 07 Mar 2019. The stock hit a 52-week low of Rs 19 on 22 Aug 2019.

The small cap company has equity capital of Rs 71.86 crore. Face value per share is Rs 10.

Nitco makes ceramic wall and floor tiles.

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