Inflame Appliances shines on starting commercial production at Hyderabad manufacturing facility
Inflame Appliances is currently trading at Rs. 669.00, up by 11.70 points or 1.78% from its previous closing of Rs. 657.30 on the BSE.
The scrip opened at Rs. 683.00 and has touched a high and low of Rs. 683.00 and Rs. 646.65 respectively. So far 1250 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 698.00 on 01-Aug-2023 and a 52 week low of Rs. 363.10 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 684.35 and Rs. 600.00 respectively. The current market cap of the company is Rs. 482.52 crore.
The promoters holding in the company stood at 43.59%, while Institutions and Non-Institutions held 3.36% and 53.05% respectively.
Inflame Appliances has started commercial production at the Hyderabad manufacturing facility with three customers have audited and approved facility to meet their supply needs in chimneys (kitchen appliances). Two of these are prestigious partner brands for whom the company is already manufacturing and supplying its range of kitchen appliances while the third prestigious brand has partnered with it for the first time to meet their needs for kitchen appliances.
The company has also started commercial supplies to two of these partner brands post the approval while supplies to the third one are expected to start shortly. The company is also targeting to start supplies to three more brands over the next 2-3 weeks, taking the initial total customers to 6 for the new facility, within a short span of time.
Inflame Appliances is engaged in manufacturing of LPG Gas Stove/ Cooktops in various range.
