Polar Pharma extends closure of factory to December 31, 2009

Polar Pharma India Ltd has now announced with reference to the earlier announcement dated 07, 2009, that due to non receipt of order from the Govt. of India till date, the management has further extended temporary closure of factory upto December 31, 2009 by issuing the attached notice to the workers of the Company.

Management is expediting its all sincere efforts to get order from the Govt. of India and no Sooner it materializes, management will make arrangement for resumption of the plant operations forthwith.

The stock closed the day at Rs.3.65, down by Rs.0.10 or 2.67%. The stock hit an intraday high of Rs.3.80 and low of Rs.3.57.

The total traded quantity was 2199 compared to 2 week average of 2029.

Source : Equity Bulls

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