Indian Acrylics reports highest monthly production and sales in November; stock rises

It has achieved the highest monthly production and sales in the month of November 2020 of this Financial year, it said.

Dec 02, 2020 10:12 IST India Infoline News Service

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Indian Acrylics Limited, one of the largest and the most efficient acrylis fiber manufacturers in the country, reported its sales data to the exchanges on Wednesday. In a regulatory filing it said that after the first two quarters of lower operations level due to the Covid-19 pandemic, the company has started improving. 

It has achieved the highest monthly production and sales in the month of November 2020 of this Financial year, it said.

The net sales of acrylic fibre and acrylic yarn in the month of November 2020 reached the level of Rs70.35cr, showing an increase of 31% on mom basis, and 47% on yoy basis.

Indian Acrylics was trading at Rs8.11 per piece up by Rs0.11 or 1.37% from its previous closing of Rs8 on the BSE, at around 10.56am. The scrip opened at Rs8.04 and touched the day's a high and low of Rs8.20 and Rs7.91 respectively.

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