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Somany Ceramics surges on issuing Commercial Paper worth Rs 25 crore

30 Sep 2016

Somany Ceramics is currently trading at Rs. 613.00, up by 6.45 points or 1.06% from its previous closing of Rs. 606.55 on the BSE.

The scrip opened at Rs. 609.90 and has touched a high and low of Rs. 624.85 and Rs. 609.75 respectively. So far 2741 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 647.90 on 19-Jul-2016 and a 52 week low of Rs. 321.20 on 02-Nov-2015.

Last one week high and low of the scrip stood at Rs. 624.85 and Rs. 586.50 respectively. The current market cap of the company is Rs. 2597.86 crore.

The promoters holding in the company stood at 51.53%, while institutions and non-institutions held 16.39% and 32.07% respectively.

Somany Ceramics has issued Commercial paper of Rs 25.00 crore value dated September 29, 2016 having maturity on December 09, 2016. The aforesaid issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing.

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.

Related Somany Ceramics Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323