Somany Ceramics surges on plan to introduce 13 new showrooms ‘

Somany Ceramics is currently trading at Rs. 44.75, up by 1.05 points or 2.40% from its previous closing of Rs. 43.70 on the BSE.

The scrip opened at Rs. 44.50 and has touched a high and low of Rs. 45.80 and Rs. 44.00 respectively. So far 4240 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 51.30 on 01-Nov-2011 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. 45.80 and Rs. 41.00 respectively. The current market cap of the company is Rs. 154.37 crore.

The promoters holding in the company stood at 63.31% while Institutions and Non-Institutions held 0.79% and 35.90% respectively. 

Somany Ceramics is planning to add 13 new showrooms by the end of this year to increase the number to 100, including over 50 exclusive ones. Recently, it has introduced fourth exclusive showroom in Gujarat.

At present company has a capacity to manufacture 19 million square meters of ceramic tiles at its two plants at Kadi (Mehsana, Gujarat) and Kasad (Bahadurgarh, Haryana) and it outsources 4 million sq metres to its two joint ventures in Morbi, Gujarat.

Somany Ceramics is a pioneering manufacturer, supplier and exporter of Floor Tiles, Wall Tiles, Sanitary Ware including urinals, basins, etc. Somany strives to bring its customers floor, wall, vitrified, ceramic, porcelain and innovative tiles that are the very latest in the world.