Inflame Appliances is currently trading at Rs. 663.95, up by 40.50 points or 6.50% from its previous closing of Rs. 623.45 on the BSE.
The scrip opened at Rs. 612.10 and has touched a high and low of Rs. 681.20 and Rs. 612.00 respectively. So far 31000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 730.00 on 04-Sep-2023 and a 52 week low of Rs. 363.10 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 627.40 and Rs. 603.10 respectively. The current market cap of the company is Rs. 485.42 crore.
The promoters holding in the company stood at 43.59%, while Institutions and Non-Institutions held 3.36% and 53.05% respectively.
Inflame Appliances has been approved as a supplier and entered into an understanding with Havells for the supply of Chimneys and OTGs. The models have also been finalised and it expects business to commence from October 2023.
The approval by Havells further confirms its capabilities in the Indian market and continues to cement its position as a leading quality supplier and manufacturer of kitchen appliances in India, and becoming the partner of choice for leading brands in its focus category, furthering the nation’s ‘Made in India’ objective.
With its Hyderabad facility now operational, it will have a combined capacity across its Hyderabad and Panchkula units to manufacture 600,00 unites of Chimneys, 120,000 units of Hobs and 300,000 units of Gas stoves, which makes it the largest outsourced manufacturer in India for kitchen appliances with the widest product range. A facility in North India and now South India enables us to service customers more efficiently.
Inflame Appliances is engaged in manufacturing of LPG Gas Stove/ Cooktops in various range.
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