Cello World gains on commissioning manufacturing facility in Rajasthan through subsidiary
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Cello World is currently trading at Rs. 818.15, up by 8.55 points or 1.06% from its previous closing of Rs. 809.60 on the BSE.
The scrip opened at Rs. 817.75 and has touched a high and low of Rs. 833.90 and Rs. 806.00 respectively. So far 9745 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 949.30 on 28-Feb-2024 and a 52 week low of Rs. 711.15 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 833.90 and Rs. 716.30 respectively. The current market cap of the company is Rs. 17427.35 crore.
The promoters holding in the company stood at 78.06%, while Institutions and Non-Institutions held 15.77% and 6.18% respectively.
Cello World has commissioned the manufacturing facility in phased manner through its Subsidiary Company Cello Consumerware in Falna, District Pali, Rajasthan. Further, the glassware furnace that is coming up in the same facility will be operational by the end of Q1 FY25.
Cello World is a famous Indian consumer product company mainly dealing in three categories such as writing instruments and stationery, molded furniture, consumer housewares and related products.
