Hikal Ltd, has received permission from the government authorities to restart its operations since it is provider of the essential services (Pharmaceutical and Continuous Industries) which are exempted from the lockdown.
The Company has started limited operations on Sunday April 5th, at all its factories in Taloja (Maharashtra), Mahad (Maharashtra), Panoli (Gujarat), Bengaluru (Karnataka) and the R&D facility located in Pune (Maharashtra).
The company expects operations to ramp up over the next several days and is ensuring compliance with the directives issued by the Central Government, State Governments and local government and is maintaining social distancing and taking the required precautions for all its staff.
Due to the continued restriction in the movement of goods and people by the government, the company will not be able to operate at its optimal capacity.
The company remains committed to the health and safety of its employees, their families and communities in which they operate.
Shares of HIKAL LTD. was last trading in BSE at Rs.75 as compared to the previous close of Rs. 68.8. The total number of shares traded during the day was 43066 in over 1260 trades.
The stock hit an intraday high of Rs. 75.4 and intraday low of 67.1. The net turnover during the day was Rs. 3121466.