Kokuyu Camlin shines on resuming operations in Patalganga

The shares of Kokuyu Camlin Limited, a stationery company, increased more than two per cent on Wednesday after the company announced that it has partially resumed services at its Patalganga plant (Maharashtra).

The company in an exchange filing made on Tuesday after the market hours informed that in accordance with the norms suggested by the central and state government, Kokuyu Camlin has been able to resume its manufacturing operations at its plant situated in Additional Patalganga Industrial Area, near Mumbai in Maharashtra.  

Adding to this, the company said the operations have been resumed taking into consideration all the necessary measures, which includes restricted movement of manpower, complete sanitisation as well as social distancing norms prescribed by the concerned authorities.

Nevertheless, the company’s operations were temporarily shut down on March 23, 2020 to prevent the spread of COVID-19.

Formerly known by the name Camlin, Kokuyu Camlin Ltd is an Indian manufacturing stationery company based in Mumbai. The company shares profits with Kokuyu of Japan, which holds around 51 per cent stake in Kokuyu Camlin after buying it in 2012.

At 1.34 pm on Wednesday, the stock of Kokuyu Camlin Ltd is trading at Rs 47.05, up by 2.95 per cent against its previous close of Rs 45.70. Its 52-week high is Rs 93.00 while, its 52-week low is Rs 36.50 on BSE.