Kanani Industries is currently trading at Rs. 40.80, up by 3.70 points or 9.97% from its previous closing of Rs. 37.10 on the BSE.
The scrip opened at Rs 38.00 and has touched a high and low of Rs 40.80 and Rs 37.00 respectively. So far 77235 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 47.70 on 02-Jan-2013 and a 52 week low of Rs 18.62 on 30-Aug-2012.
Last one week high and low of the scrip stood at Rs 45.90 and Rs 35.75 respectively. The current market cap of the company is Rs 341.77 crore.
The promoters holding in the company stood at 74.83 % while Non-Institutions held 25.17% respectively.
Kanani Industries has bagged an order worth Rs 12.87 crore from New Way Gems - Hong Kong based company, in the international jewellery sector. The order involves diamond studded jewellery which is to be completed in a period of 3 months.
This order has further enhanced the offshore order book of the company. Besides the company is having excellent track record of timely completion of order without compromising on its quality standards.
Further, the company is considering entering into venture with various countries into mining of rough diamonds in African continent which would further enhance the chances for company to move in to diamond manufacturing segment.
Kanani Industries is engaged in diamonds studded jewellery business having sophisticated hyper technical unit. Kanani’s has evolved around the elegance of the diamond, master craftsmanship and the most exacting standards.
