Insilco nudges higher after restarting plant operations

Insilco rose 1.51% to Rs 26.90 at 15:00 IST on BSE after the company said that the plant operations have been restarted from 4 January 2017.

The announcement was made during market hours today, 5 January 2017.

Meanwhile, the BSE Sensex was up 241.96 points, or 0.91%, to 26,875.09.

On the BSE, 2,188 shares were traded in the counter so far, compared with an average volume of 28,464 shares in the past one quarter. The stock had hit a high of Rs 27.65 and a low of Rs 26.50 so far during the day.

Insilco had said on 2 January 2017 that the plant will continue to remain shut down due to high inventory & low sales volume & will restart in the evening of 4 January 2017. On 19 December 2016, the company had said that the plant will be shut down from 19 December 2016 to 2 January 2017 due to high inventory and low sales volume.

 

Insilco is one of the leading producers of precipitated silica in South Asia.

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