Stove kraft jumps on commissioning 4 MWp of solar power plant
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Stove kraft is currently trading at Rs. 658.90, up by 47.30 points or 7.73% from its previous closing of Rs. 611.60 on the BSE.
The scrip opened at Rs. 619.00 and has touched a high and low of Rs. 680.00 and Rs. 619.00 respectively. So far 24879 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 680.00 on 12-Aug-2024 and a 52 week low of Rs. 410.10 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs. 680.00 and Rs. 556.60 respectively. The current market cap of the company is Rs. 2193.98 crore.
The promoters holding in the company stood at 55.88%, while Institutions and Non-Institutions held 5.62% and 38.50% respectively.
Stove kraft has commissioned 4 MWp of Solar Power Plant on roof top of newly built Unit 3 at a cost of Rs 13.88 crore. It is expected to generate 6 million Units a year which will cater to 20% of current consumption requirements. It is also expected to give saving of Rs 6 per Unit in electricity expenses. With this company has in place in 7.06 MWp of Solar & 2MW of Wind.
Stove kraft is the largest kitchen appliances company in India. It offer premium kitchen solutions through wide range of products including pressure cookers, non-stick cookware, gas and induction cook tops, mixer grinders, chimneys and hobs among others.
