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Pokarna surges with its arm planning to expand quartz surfaces production capacity

16 Jan 2017 Evaluate

Pokarna is currently trading at Rs. 1105.00, up by 76.10 points or 7.40% from its previous closing of Rs. 1028.90 on the BSE.

The scrip opened at Rs. 1056.90 and has touched a high and low of Rs. 1105.00 and Rs. 1056.90 respectively. So far 3,078 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1125.00 on 12-Jan-2017 and a 52 week low of Rs. 660.00 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1125.00 and Rs. 970.00 respectively. The current market cap of the company is Rs. 675.27 crore.

The promoters holding in the company stood at 56.67%, while Institutions and Non-Institutions held 0.84% and 42.50% respectively.

Pokarna’s wholly owned subsidiary Pokarna Engineered Stone (PESL) is planning to expand quartz surfaces production capacity by 130% with investment of Rs 325 crore in a greenfield facility. This investment is expected to be completed by June 2018 and PESL would finance this project through a combination of free cash flow/internal accruals (Rs 75 crore) and loan facilities (Rs 250 crore crore); PESL is in receipt of financial sanction from its lead banker, for the term loan of Rs 250 crore, for funding the project. Further, Pokarna’s board has approved extending Corporate Guarantee for the loan facilities to be extended to PESL.

Pokarna is one of the largest exporters of finished granite and engineered stone in India with exports to more than 50 countries globally. The product range of the company includes Slabs, Tiles, Rough block and Cut to size. It is also in the business segment of Apparel, Granite.


Pokarna Share Price

929.90 22.95 (2.53%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1192.40
Somany Ceramics 443.80
Cera Sanitaryware 5303.35
Asian Granito India 74.85
Pokarna 929.90
View more..

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