Kajaria Ceramics strengthens on getting nod to invest in Clean Solar Power

25 Oct 2018

Kajaria Ceramics is currently trading at Rs. 357.60, up by 21.85 points or 6.51% from its previous closing of Rs. 335.75 on the BSE.

The scrip opened at Rs. 340.00 and has touched a high and low of Rs. 367.20 and Rs. 324.50 respectively. So far 127169 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 763.90 on 10-Jan-2018 and a 52 week low of Rs. 316.20 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 367.20 and Rs. 316.20 respectively. The current market cap of the company is Rs. 5753.21 crore.

The promoters holding in the company stood at 47.58%, while Institutions and Non-Institutions held 34.45% and 17.98% respectively.

Kajaria Ceramics’ board has approved deferment of making investment upto 8% of paid up equity shares of Clean Solar Power (Jaipur), a wholly-owned subsidiary of Hero Future Energies, i.e. at par value aggregating upto Rs 2 crore and no investment will be made in the said entity by the Company. The Board of Directors of the company at their meeting held on October 25, 2018, approved the same.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323