The stock price of Insilco is up strongly in the green despite not-so-good news coming from the company. The price is up almost 4% at Rs.22.85.

The company announced on Friday, after market closure that it’s plant will remain shut down from August 27, 2016 to September 10, 2016 due to high inventory and low sales volume.

The company said that it will also be carrying out routine preventive maintenance and cleaning during this time.

Probably the market perceives this news as good as it is better to shut down and clear the inventory instead of continuing with production, adding on to the already existing pile up of inventory. But usually, such news of production stoppage is not greeted with such optimism and new-found maturity!