Indian Acrylics nears pre-covid levels; stock climbs 4%

The company's stock ended 3.88% higher at Rs12.58 per piece up by Rs0.47 on the BSE.

Jan 04, 2021 10:01 IST India Infoline News Service

Indian Acrylics has announced that after first two quarters of lower operations level due to Covid 19 pandemic, Company operations have started improving and reaching near to the pre-covid levels in last two months.

Sale of Fibre and yarn during this month has increased by 19% approx. to Rs64.02cr as compared to Rs53.90cr in the corresponding period in the last month of December 2019 since the yarn being produced in the Spinning Mill has started getting good response in the markets.

Sale of Fibre and Yarn during this quarter has increased by 25% to Rs.188.17cr as compared to Rs149.62cr in the corresponding period in the last quarter October-December 2019.

The company's stock ended 3.88% higher at Rs12.58 per piece on the BSE.

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