Somany Ceramics advances with arm completing expansion of sanitaryware plant

27 Apr 2017

Somany Ceramics is currently trading at Rs. 735.00, up by 10.15 points or 1.40% from its previous closing of Rs. 724.85 on the BSE.

The scrip opened at Rs. 744.40 and has touched a high and low of Rs. 744.60 and Rs. 721.70 respectively. So far 1,273 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 767.00 on 25-Apr-2017 and a 52 week low of Rs. 402.30 on 29-Apr-2016.

Last one week high and low of the scrip stood at Rs. 767.00 and Rs. 690.65 respectively. The current market cap of the company is Rs. 3,114.89 crore.

The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 16.60% and 31.86% respectively.

Somany Ceramics’ subsidiary company - Somany Sanitary Ware, has successfully completed the expansion of its sanitaryware plant and commenced the commercial production from April 26, 2017. As a result of this expansion, the capacity of plant has increased from 3.03 lakh pieces per annum to up to 11.50 lakh (1.15 million) pieces per annum.

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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Somany Ceramics Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323