Somany Ceramics surges on getting nod to raise Rs 50 crore
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Somany Ceramics is currently trading at Rs. 645.15, up by 9.75 points or 1.53% from its previous closing of Rs. 635.40 on the BSE.
The scrip opened at Rs. 645.15 and has touched a high and low of Rs. 645.15 and Rs. 645.15 respectively. So far 141 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 694.00 on 12-Aug-2022 and a 52 week low of Rs. 445.40 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 652.50 and Rs. 586.60 respectively. The current market cap of the company is Rs. 2698.81 crore.
The promoters holding in the company stood at 54.78%, while Institutions and Non-Institutions held 23.40% and 21.81% respectively.
Somany Ceramics has received approval for issuance of redeemable Non?Convertible Debentures/Bonds/Other similar Instruments upto an amount of Rs 50 crore, subject to shareholder's approval. The Board of Directors of the company at their meeting held on May 23, 2023 have considered and approved the same.
Somany Ceramics is in the business of manufacturing and trading of tiles, Sanitaryware and Bath Fittings.
