Polyspin Exports Ltd temporarily stops production of paper bags

Polyspin Exports Ltd 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 depend upon the profit realization for the paper bags.

Shares of Polyspin Exports Ltd was last trading in BSE at Rs.87.6 as compared to the previous close of Rs. 81.3. The total number of shares traded during the day was 81501 in over 436 trades.

The stock hit an intraday high of Rs. 91 and intraday low of 80.1. The net turnover during the day was Rs. 7084406.

Source : Equity Bulls

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