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Stone India gains on executing agreement with ICCO Cooperation

20 Mar 2014 Evaluate

Stone India is currently trading at Rs. 16.00, up by 0.35 points or 2.24% from its previous closing of Rs. 15.65 on the BSE.

The scrip opened at Rs. 16.00 and has touched a high and low of Rs. 16.35 and Rs. 15.50 respectively. So far 31578 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.45 on 20-Jan-2014 and a 52 week low of Rs. 14.00 on 20-Dec-2013.

Last one week high and low of the scrip stood at Rs. 16.50 and Rs. 15.25 respectively. The current market cap of the company is Rs. 12.15 crore.

The promoters holding in the company stood at 30.35% while Institutions and Non-Institutions held 0.21% and 69.44% respectively.

Stone India has executed agreement with ICCO Cooperation a leading Dutch NGO through its Bangladesh Programme Office. The company will be setting up ENBIOLET - the patented bio-toilet in Dhaka under Gates Foundation Sanitation evaluation grant. On successful completion of this project, the company eyes a major business opportunity in one of the World's most densely populated country.

The Company has also executed agreement with Rotary Club of Central Calcutta in co-operation Rotary Club of Reynolda, Winston, Salem, USA for Global Grant Program of Rotary International to setup bio-toilet blocks in Rural Girl's school in West Bengal.

Stone India, a multi-product engineering company located in Kolkata, has been serving the Indian rail road industry for over seven decades.

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