High inventory, low sales! Insilco plant to remain shut till 7 Dec

Insilco Ltd has anounced that the Plant will continue to remain shut down till December 07, 2015 due to high inventory & low sales volume.

Nov 30, 2015 04:11 IST India Infoline News Service

With reference to the earlier intimation dated November 17, 2015 regarding shut down of the Company's plant from November 17, 2015 to November 29, 2015, Insilco Ltd has anounced that the Plant will continue to remain shut down till December 07, 2015 due to high inventory & low sales volume.

Insilco Ltd is currently trading at Rs. 19.15, down by Rs. 0.15 or 0.78% from its previous closing of Rs. 19.3 on the BSE.
The scrip opened at Rs. 19.25 and has touched a high and low of Rs. 19.25 and Rs. 19.15 respectively. So far 1100(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 121.05 crore.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.55 on 05-Aug-2015 and a 52 week low of Rs. 14.2 on 17-Jun-2015. Last one week high and low of the scrip stood at Rs. 20.05 and Rs. 18.75 respectively.
The promoters holding in the company stood at 73.11 % while Institutions and Non-Institutions held 0.06 % and 26.83 % respectively.
The stock is currently trading above its 100 DMA.

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