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Somany Ceramics zooms on securing pan India contract for Tata Teleservices retail

28 Mar 2012

Somany Ceramics is currently trading at Rs. 40.05, up by 3.00 points or 8.10% from its previous closing of Rs. 37.05 on the BSE.

The scrip opened at Rs. 40.05 and has touched a high and low of Rs. 40.05 and Rs. 40.05 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 57.50 on 29-Jul-2011 and a 52 week low of Rs. 28.50 on 09-Jan-2012.

Last one week high and low of the scrip stood at Rs. 40.85 and Rs. 37.00 respectively. The current market cap of the company is Rs. 138.16 crore.

The promoters holding in the company stood at 63.31% while Institutions and Non-Institutions held 0.63% and 36.06% respectively.

Somany Ceramics has secured the pan India contract for Tata Teleservices retail outlets. Amid the retail sector growing immensely every year, Somany does flooring for almost 100 outlets per brand every year. The retail space flooring is a considerable revenue generator from the company as each order may fall anywhere between 50-75 lacs approx.

The company continues to work exclusively with renowned brands such as Nike, Adidas, Reebok, Toyota Kirloskar Motors, Levis, Shoppers Stop, Biba Apparels for over four years for all the retail spaces across India.

Somany Ceramics is a pioneering manufacturer, supplier and exporter of Floor Tiles, Wall Tiles, Sanitary Ware including urinals, basins, etc. Somany strives to bring its customers floor, wall, vitrified, ceramic, porcelain and innovative tiles that are the very latest in the world.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323