Polyspin Exports to temporarily halt production of paper bags; stock dives 13%

The resumption of production will depends upon the profit realization for the paper bags.

Jun 25, 2021 01:06 IST India Infoline News Service

Financial Graph
Polyspin Exports Limited has informed that the company has decided to temporarily stop the production of paper bags business due to prevailing unremunerative sale price for paper bags and increase in raw material prices in international market for the past few months.

The resumption of production will depends upon the profit realization for the paper bags.

The current market cap of the company is Rs76cr.

At around 1:40 PM, Polyspin Exports was trading at Rs76.10 per piece lower by 13.13% on Sensex.

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