Somany Ceramics is currently trading at Rs. 95.00, up by 1.10 points or 1.17% from its previous closing of Rs. 93.90 on the BSE.
The scrip opened at Rs. 94.75 and has touched a high and low of Rs. 96.00 and Rs. 94.50 respectively. So far 1951 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 96.00 on 7-Dec-2012 and a 52 week low of Rs. 28.50 on 09-Jan-2012.
Last one week high and low of the scrip stood at Rs. 96.00 and Rs. 87.10 respectively. The current market cap of the company is Rs. 331.17 crore.
The promoters holding in the company stood at 63.31% while Institutions and Non-Institutions held 0.81% and 35.88% respectively.
Tiles maker Somany Ceramics is planning to spend over Rs 100 crore in next three years for increasing its production capacities by 10 million square metres annually. It has decided to set up a new facility with an installed capacity of 2.5-3 million square metres annually in Gujarat, by forming a new joint venture (JV) within the next six months.
The entity plans to invest around Rs 30 crore every year and in the next three years it will be over Rs 100 crore. It is in talks with a few players to form a new joint venture within the next six months. Somany Ceramics will have a 26% stake in the proposed JV.
| Company Name | CMP |
|---|---|
| Kajaria Ceramics | 1178.20 |
| Somany Ceramics | 441.15 |
| Cera Sanitaryware | 5332.20 |
| Asian Granito India | 75.34 |
| Pokarna | 928.60 |
| View more.. | |
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