Sportking India shares fall 2% after fire incident at registered office
Shares of Sportking India Limited fell 2% to Rs 821 in the early trade on September 11 after the company reported a fire incident at its registered office on September 9. The fire affected some company records, but there were no human injuries or casualties.
The company said it has already informed the concerned authorities about the fire incident. It is currently assessing the impact of the fire on its operations and will update the markets in due course.
In the last six months, the stock has gained 21%. However, it is still trading well below its peak of over Rs 1700 in 2022.
Sportking India is a textile manufacturing company and is a part of the Sportking Group. The company is engaged in the production of various yarns (such as cotton yarn, synthetic yarn, and blended yarn), fabrics, and garments.
The fire incident is a setback for the company, but it is too early to say what the long-term impact will be. Investors should monitor the situation closely and make investment decisions based on the latest information.
Here are some additional details about the fire incident:
- The fire broke out at the company’s registered office in Delhi on September 9.
- The fire was caused by a short circuit.
- The fire was brought under control within a few hours.
- There were no human injuries or casualties.
- The company is currently assessing the impact of the fire on its operations.
Investors should monitor the situation closely and make investment decisions based on the latest information.
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