Aarvee Denims and Exports Ltd suspends production at all its units

Aarvee Denims and Exports Ltd has temporarily suspended production at all its production units, namely Narol Unit, Vijay Farm Unit, and Sari Unit. This decision was primarily made due to the extremely poor demand conditions in both the domestic and international markets, as well as the financial constraints faced by the company. However, the company intends to restart its operations and production at Narol Unit once the market situation improves.

Shares of Aarvee Denims & Exports Limited was last trading in BSE at Rs. 21.34 as compared to the previous close of Rs. 20.53. The total number of shares traded during the day was 2275 in over 61 trades.

The stock hit an intraday high of Rs. 22.06 and intraday low of 20.70. The net turnover during the day was Rs. 48276.00.

Source : Equity Bulls

Keywords

AarveeDenimsandExports INE273D01019 ProductionSuspension AllUnits