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Strides Arcolab Ltd announces temporary suspension of Operation due to flooding and rain at Cuddalore facility

2015-12-13

Equity Bulls

Strides Arcolab Ltd's manufacturing unit located at Cuddalore in the State of Tamil Nadu, had temporarily suspended operations for two days on 1st and 2nd December 2015 and had limited operations from 3rd Dec 15 to 5th Dec 15 due to flooding caused by incessant rains in the plant area.

The actual losses will be assessed once the natural calamity passes by, and the plant is back to fully operational mode. The facilities are adequately covered by insurance.

Shares of STRIDES ARCOLAB LTD. was last trading in BSE at Rs.1340.75 as compared to the previous close of Rs. 1378.05. The total number of shares traded during the day was 47721 in over 2758 trades.

The stock hit an intraday high of Rs. 1382 and intraday low of 1326. The net turnover during the day was Rs. 64528418.

Source: Equity Bulls

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