Aarti Inds spikes up over 3.5%

Aarti Industries is doing very well today morning, currently spiking up over 3.5% at Rs.99.90, after briefly hitting the three digit intra day high at Rs.100.

The stock is reacting to the Press Release issued by the company stating that the Gujarat Pollution Control Board (GPCB) has allowed re-commencement of manufacturing activities at its Vapi plants, which is the Alchemie Organic Division and Aarti Fertilizers Division. The company has since then commenced commercial operations at the plant from yesterday.

In Dec, the plant which contributes 15% to the company’s revenue, had received orders from GPCB for closure of manufacturing activities at these plants. The company has also stated that this closure for around 15 days will affect the Q4FY14 operating profit to the tune of Rs.3.5 to 4 crore.