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Kajaria Ceramics advances on plans to hike stake in Jaxx Vitrified to 61%

08 May 2014 Evaluate

Kajaria Ceramics is currently trading at Rs. 488.00, up by 4.80 points or 0.99% from its previous closing of Rs. 483.20 on the BSE.

The scrip opened at Rs. 492.90 and has touched a high and low of Rs. 509.30 and Rs. 483.00 respectively. So far 52424 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 520.80 on 07-May-2014 and a 52 week low of Rs. 199.50 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 520.80 and Rs. 448.90 respectively. The current market cap of the company is Rs. 3705.86 crore.

The promoters holding in the company stood at 52.09 % while Institutions and Non-Institutions held 29.47 % and 18.44 % respectively.

Kajaria Ceramics has received an approval to increase stake in Jaxx Vitrified, a subsidiary of the company, from 51% to 61%. The board of directors at its meeting held on May 07, 2014 has approved for the same.

The company also received approval to acquire 100% stake in Kajaria Bathware which plans to put up a faucet plant having capacity of 1.5 Million pieces in Gailpur, Rajasthan. The board also approved to sell 64% stake in Kajaria Sanitaryware, Morbi to Kajaria Bathware.

Kajaria Ceramics manufactures more than 400 options of flooring solutions such as wall tiles, floor tiles, vitrified tiles and Spanish and Italian tiles. The tiles major market these products under the brand name Kajaria, Kerrogres, Eternity, Aparici, Saloni ceramica, Ergon and GRESPANIA Ceramica.

Kajaria Ceramics Share Price

1191.65 4.00 (0.34%)
21-Apr-2026 11:37 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1191.65
Somany Ceramics 453.30
Cera Sanitaryware 5312.10
Asian Granito India 76.76
Pokarna 936.60
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