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Somany Ceramics surges on launching ‘Water Heater’ under its bathware accessories

Somany Ceramics is currently trading at Rs. 189.55, up by 1.55 points or 0.82% from its previous closing of Rs. 188.00 on the BSE.

The scrip opened at Rs. 191.00 and has touched a high and low of Rs. 192.45 and Rs. 189.40 respectively. So far 6360 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 472.00 on 08-Apr-2019 and a 52 week low of Rs. 174.50 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 201.00 and Rs. 181.00 respectively. The current market cap of the company is Rs. 803.30 crore.

The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 24.82% and 23.71% respectively.

Somany Ceramics has launched ‘Water Heater’ under its bathware accessories in India. The company has launched this product for both domestic and international markets. The company is planning to leverage its existing retail and distribution network for bathware appliances.

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.

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