Polyspin Exports partially stops production at FIBC division; Stock dives 2%

8 Aug 2022 , 09:45 AM

Polyspin Exports Limited has informed to the exchanges that the production in the FIBC Division of the Company has been partially stopped on August 6, 2022 due to low order book position.

Accordingly, there will be a minor impact on the production schedule of the Company in the near future until the position improves, the company stated in a filing.

However, the normal production will be resumed on August 8, 2022, it further added.

At around 9:46 AM, Polyspin Exports was trading at Rs58 per share down by Rs1.45 or 2.44% from its previous closing of Rs59.45 per share on the BSE.

The scrip opened at Rs56.55 and has touched a high and low of Rs65 and Rs56.55 respectively so far today. The current market cap of the company is Rs59.45 crore.