Astec Lifesciences was down 0.88% to Rs 529.75 at 9:31 IST on BSE after the company announced the start of the commercial operations of its manufacturing plant in Maharashtra.
The announcement was made after market hours yesterday, 27 September 2018.Meanwhile, the S&P BSE Sensex was down 52.99 points, or 0.15% to 36,271.18.
The stock opened on a positive note. However, it succumbed to selling pressure amid weakness in broader market. The stock had hit a high of Rs 548.50 and a low of Rs 526.90 so far during the day.
On the BSE, 582 shares were traded in the counter so far compared with average daily volumes of 12,000 shares in the past two weeks.
Astec Lifesciences announced that its newly setup manufacturing unit, situated at Mahad in Maharashtra, started its commercial production and operations from 27 September 2018. This manufacturing unit has been set up for manufacture and supply of agrochemicals and intermediates.
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