N R Agarwal Inds dips after planned shutdown of unit for maintenance

N R Agarwal Industries fell 3.79% to 252.60 at 9:41 IST on the BSE after the company said its unit-4 will remain shut between 6 June and 25 June 2019 for annual maintenance & technical upgradation.

The announcement was made after market hours yesterday, on 6 June 2019.

Meanwhile, the S&P BSE Sensex was down by 131.30 points, or 0.33% to 39,398.42.

On the BSE, 72 shares were traded in the counter so far compared with average daily volumes of 2591 shares in the past two weeks. The stock had hit a high of Rs 255.30. The stock hit an intraday low of Rs 251.05, which is also a 52-week low for the counter. It hit a 52-week high of Rs 615.85 on 11 September 2018.

N.R.Agarwal Industries announced that its unit-4 will be under shutdown for annual maintenance & technical upgradation with effect from 6 June 2019. The plant is expected to resume production by 25 June 2019.

N.R.Agarwal Industries' net profit fell 42.2% to 14.10 crore on 7.6% rise in the net sales to Rs 363.16 crore in Q4 March 2019 over Q4 March 2018.

N R Agarwal Industries is engaged in the business of development and manufacture of quality finished paper products by recycling of waste paper and marketing in domestic and international markets.

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