Sumeet Industries' Karanj plant to remain shutdown for 15 days; Stock sheds 4%

11 Jul 2022 , 01:05 PM

Sumeet Industries Ltd has informed to the exchanges regarding Plant shutdown of the company due to technical fault.

According to the regulatory filing, the plant of the company situated at Karanj (Surat) will be remained shutdown for an estimated period of 15 days with effect fromJuly 08-22, 2022 due to major technical fault occurred in the plant yesterday evening, the company said.

At around 1:07 PM, Sumeet Industries was trading at Rs6.37 per share down by Rs0.26 or 3.92% from its previous closing of Rs6.63 per share on the BSE.

The scrip opened at Rs6.63 and has touched a high and low of Rs6.63 and Rs6.30 respectively so far today. The current market cap of the company is Rs68.71 crore.