Asian Granito rises on eying exponential growth from exports business in FY21

29 Dec 2020 Evaluate

Asian Granito India is currently trading at Rs. 280.60, up by 0.30 points or 0.11% from its previous closing of Rs. 280.70 on the BSE.

The scrip opened at Rs. 280.00 and has touched a high and low of Rs. 282.55 and Rs. 278.55 respectively. So far 13266 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 318.00 on 21-Sep-2020 and a 52 week low of Rs. 109.15 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 285.00 and Rs. 278.55 respectively. The current market cap of the company is Rs. 867.80 crore.

The promoters holding in the company stood at 33.25%, while Institutions and Non-Institutions held 3.97% and 62.78% respectively.

Asian Granito is eying exponential growth from exports business in the current fiscal. Anti-China sentiments, reduction in gas prices and robust export orders from USA,. Europe, UK and Middle East are driving the export business in the current fiscal and it is expected to get further momentum in corning months. Company is also expanding its business network in over 120 countries from 100 currently.

The company is largest exporter among organised players from India. Consolidated export of the company grew to around 17.6% of total revenues in HI FY21 vs. 13.8% in the HI FY20. For the six months ended September 2020, company reported exports of Rs 83.2 crore.

Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.

Asian Granito India Share Price

57.99 0.02 (0.03%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1209.95
Somany Ceramics 712.80
Cera Sanitaryware 6990.40
Asian Granito India 57.99
Pokarna 533.20
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