Himatsingka Seide closes Doddaballapur plant till July 21; stock slips 2.5%

The company has taken this decision due to lockdown announced by Government of Kamataka.

Jul 16, 2020 11:07 IST India Infoline News Service

Home textile company Himatsingka Seide Limited has closed operations of Doddaballapur plant in Kamataka till July 21.

“We would like to inform that in view of lockdown announced by Government of Kamataka, the company's Doddaballapur plant in Kamataka, has been closed for operations till July 21, 2020, or until further orders from Government of Karnataka,” the company informed the exchanges on Wednesday.

The spike in Covid-19 cases across the country has led to re-imposition of lockdown in many states.

The company is currently trading at Rs56.55, down by Rs1.45 or 2.5% from its previous closing of Rs58 on the BSE.

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