Carysil surges on incorporating wholly owned subsidiary in UAE
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Carysil is currently trading at Rs. 573.20, up by 19.40 points or 3.50% from its previous closing of Rs. 553.80 on the BSE.
The scrip opened at Rs. 555.90 and has touched a high and low of Rs. 575.55 and Rs. 554.60 respectively. So far 17282 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 900.00 on 04-Apr-2022 and a 52 week low of Rs. 431.35 on 19-Jan-2023.
Last one week high and low of the scrip stood at Rs. 575.55 and Rs. 518.50 respectively. The current market cap of the company is Rs. 1536.71 crore.
The promoters holding in the company stood at 43.91%, while Institutions and Non-Institutions held 6.72% and 49.37% respectively.
Carysil has incorporated a wholly owned subsidiary (WOS) Company in Dubai (UAE) namely ‘Carysil FZ-LLC’. The subsidiary has been incorporated with the object of catering to GCC market for sale of Kitchen and Bath products. The Company incorporated by subscribing 22000 equity shares of the Face Value of AED 10 each aggregating to AED 220000.
Carysil is a leading manufacturer of composite quartz and granite kitchen sinks in India. The company exports granite sinks to more than 20 countries worldwide.
