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Kajaria Ceramics surges with arm starting commercial production at Andhra Pradesh facility

Kajaria Ceramics is currently trading at Rs. 566.30, up by 11.55 points or 2.08% from its previous closing of Rs. 554.75 on the BSE.

The scrip opened at Rs. 562.60 and has touched a high and low of Rs. 571.15 and Rs. 562.60 respectively.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 648.85 on 31-May-2019 and a 52 week low of Rs. 316.20 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 605.75 and Rs. 548.25 respectively. The current market cap of the company is Rs. 8817.77 crore.

The promoters holding in the company stood at 47.58%, while Institutions and Non-Institutions held 36.68% and 15.75% respectively.

Kajaria Ceramics’ wholly-owned subsidiary — Kajaria Tiles (Formerly known as Kajaria Floera Ceramics) (KTPL) has started the commercial production of tiles on September 29, 2019 at its manufacturing facility situated at Industrial Park, Thatiparthi (V), Thottambedu (M), Andhra Pradesh. The capacity of the said manufacturing facility of KTPL will be 5 MSM tiles per annum.

Kajaria Ceramics is the largest ceramic floor and wall tile manufacturer in India. The company has an in-house research and development facility that focuses on developing new designs and creating cost effective products.

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