11 March 2022, Mumbai:
Textile Company Arvind Ltd fully restarted operations at its Ankur Unit. The operations at the unit had been disrupted due to the disconnection of the effluent discharge connection.
The restarting of the operations led to Arvind Ltd’s stocks rising by over 9 per cent.
The small cap stock touched an intraday high of Rs 125.9, rising 9.24 per cent against the previous close of Rs 115.25 on BSE.
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ALSO READ: Arvind Fashions posts Q3 FY22 results
The stock opened with a gain of 3.95% at Rs 119.80 today.
A total of 2.14 lakh shares of the firm changed hands amounting to a turnover of Rs 2.64 crore on BSE.
Arvind Ltd stock trades higher than 5-day, 20-day and 200- day moving averages but lower than 50 day and 100 day moving averages.
The share has gained 63 per cent in one year and risen 2.61 per cent since the beginning of this year.
RELATED ARTICLE Arvind's Ankur unit effluent discharge unit disconnected: Gujarat High Court order
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CREDITS: Business Today report.
