Asian Granito India gains on incorporating wholly owned subsidiary
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Asian Granito India is currently trading at Rs. 36.74, up by 0.15 points or 0.41% from its previous closing of Rs. 36.59 on the BSE.
The scrip opened at Rs. 36.20 and has touched a high and low of Rs. 36.90 and Rs. 36.20 respectively. So far 18923 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 104.10 on 11-Apr-2022 and a 52 week low of Rs. 36.00 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 38.55 and Rs. 36.00 respectively. The current market cap of the company is Rs. 463.25 crore.
The promoters holding in the company stood at 29.02%, while Institutions and Non-Institutions held 1.21% and 69.77% respectively.
Asian Granito India has incorporated wholly owned subsidiary company namely ‘Adicon Ceramics’ on March 24, 2023. Adicon Ceramics is incorporated with an object to undertake the business activities pertaining to manufacture of refractory bricks, blocks tiles and similar refractory ceramic constructional goods.
Earlier, the company had incorporated wholly owned subsidiary company named AFFIL Ceramics on March 23, 2023.
Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.
