Kanani Industries surges on securing export orders worth Rs 20 crore
Kanani Industries is currently trading at Rs. 8.63, up by 0.33 points or 3.98% from its previous closing of Rs. 8.30 on the BSE.
The scrip opened at Rs. 8.59 and has touched a high and low of Rs. 8.71 and Rs. 8.41 respectively. So far 191435 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 13.75 on 08-Dec-2022 and a 52 week low of Rs. 5.43 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 8.71 and Rs. 7.71 respectively. The current market cap of the company is Rs. 86.17 crore.
The promoters holding in the company stood at 61.35%, while Non-Institutions held 38.65% stake in the company.
Kanani Industries has successfully secured export orders, valued at around Rs 20 crore, from the esteemed international clients. These orders pertain to the manufacturing of Jewelry. These orders will be fulfilled using its in-house, backward-integrated manufacturing facility, which will enhance the company's profit margins.
Kanani Industries is a well-established manufacturer-exporter in the Jewelry and Gem industry, with a rich history spanning more than one decade.