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Asian Granito surges on introducing new floor tile range TuffLong

05 Feb 2013

Asian Granito India is currently trading at Rs 48.30, up by 2.00 points or 4.32% from its previous closing of Rs 46.30 on the BSE.

The scrip opened at Rs 47.95 and has touched a high and low of Rs 51.20 and Rs 47.95 respectively. So far 44654 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 56.75 on 28-Feb-2012 and a 52 week low of Rs 35.60 on 30-Jan-2013.

Last one week high and low of the scrip stood at Rs 51.20 and Rs 35.60 respectively. The current market cap of the company is Rs 108.59 crore.

The promoters holding in the company stood at 38.14% while Non-Institutions held 61.86% respectively.

Asian Granito India has introduced a range of its new porcelain product brand, named TuffLong for the floor segment. The new products has a longer and stain-free life, which will be priced 20% higher than other tiles, starting from Rs 250 to Rs 1,900 per sq m.

The tile maker is planning to increase the number of showrooms from 40 to 100 soon. In 2011-12, company’s revenues grew 30% against the industry’s 14% and it plans to double sales to Rs 1,500 crore in the next three to four years. 

Related Asian Granito India Ltd. Links:

Asian Granito India Share Price

178.15 -6.25 (-3.39%) Jun 18, 13:55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323