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Kajaria Ceramics surges on receiving approval to merge Kajaria Tiles with itself

27 Aug 2019

Kajaria Ceramics is currently trading at Rs. 496.05, up by 8.40 points or 1.72% from its previous closing of Rs. 487.60 on the BSE.

The scrip opened at Rs. 489.95 and has touched a high and low of Rs. 499.50 and Rs. 487.40 respectively. So far 9261 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 648.85 on 31-May-2019 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. 499.50 and Rs. 461.70 respectively. The current market cap of the company is Rs. 7886.32 crore.

The promoters holding in the company stood at 47.58%, while Institutions and Non-Institutions held 36.68% and 15.75% respectively.

Kajaria Ceramics has received approval the scheme of amalgamation for merger of Kajaria Tiles (Formerly known as Kajaria Floera Ceramics), wholly owned subsidiary of the Company with itself. The Board of Directors of the Company at its meeting held on August 26, 2019 has 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