Sabero Organics breaches upper circuit
By
Research Desk
about 11 years ago
Sabero Organics breached the upper circuit today at Rs.142.05 and remains currently, very strongly in the green at Rs.132.50, up 12%.
The stock has zoomed up into the limelight after the company announced today morning that the order issued by the Gujarat Pollution Control Board (GPCB) to close the operations at the Company's Sarigam unit within 15 days of their order for alleged non-conformance of certain environmental norms, subsequent to their visit and inspection of the Company's unit, has been revoked for a period of 3 months during which period Company will ensure adherence of guidelines stipulated by GPCB.
Consequent to the revocation order, Company continues to operate the plant without any disruption.