Stocks

Halt of production may hit Digjam

| Updated on October 22, 2018

 

Shares of Digjam may come under pressure, as the company has temporarily suspended the manufacturing of wollen and worsted fabrics at Jamnagar mills due to extreme tight liquidity and working capital position. For the first quarter ended June 2018, it had reported a loss of ₹10.12 crore on revenues of ₹3.70 crore; for FY 17-18, it had posted a loss of ₹32.89 crore and revenues of ₹59.01 crore. Shareholders and investors will closely monitor the development.

Published on October 22, 2018

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