Kajaria Ceramics rises on the buzz of planning to set up new plant in Tirupati

06 Oct 2017

Kajaria Ceramics is currently trading at Rs. 741.50, up by 13.90 points or 1.91% from its previous closing of Rs. 727.60 on the BSE.

The scrip opened at Rs. 732.45 and has touched a high and low of Rs. 742.00 and Rs. 725.95 respectively. So far 7219 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 787.55 on 10-May-2017 and a 52 week low of Rs. 437.30 on 30-Dec-2016.

Last one week high and low of the scrip stood at Rs. 742.00 and Rs. 705.00 respectively. The current market cap of the company is Rs. 11679.56 crore.

The promoters holding in the company stood at 47.39%, while Institutions and Non-Institutions held 29.29% and 23.32% respectively.

Kajaria Ceramics is reportedly planning to set up new state-of-the-art manufacturing plant in Tirupati. In this regard, the company will invest Rs 125 crore. The plant meant for manufacturing glazed vitrified tiles will have a production capacity of four million sq metres and is expected to begin operation by the end of 2017-18. The new plant will cater to the demand from southern markets.

The company has an annual aggregate capacity of 64 million sq metres, distributed across 8 plants in various parts of the country. The company caters to the export market of high-end tiles in a small way especially to Gulf countries, Australia, Europe etc.

Kajaria Ceramics is the largest ceramic floor and wall tile manufacturer in India. The company has an in-house research and development facility that focuses on developing new designs and creating cost effective products.

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Kajaria Ceramics Share Price

903.65 -5.25 (-0.58%) May 07, 18:03
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323