Stove kraft soars on commissioning cast iron foundry at Harohalli factory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Stove Kraft is currently trading at Rs. 780.90, up by 20.40 points or 2.68% from its previous closing of Rs. 760.50 on the BSE.
The scrip opened at Rs. 772.20 and has touched a high and low of Rs. 784.65 and Rs. 758.70 respectively. So far 1909 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 966.75 on 20-Sep-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. 810.00 and Rs. 726.00 respectively. The current market cap of the company is Rs. 2513.59 crore.
The promoters holding in the company stood at 55.88%, while Institutions and Non-Institutions held 7.00% and 37.12% respectively.
Stove kraft has commissioned the newly constructed Cast Iron Foundry on November 25, 2024, at Harohalli factory. The said foundry is built at a cost of Rs 40 crore and is a automated production line capable of producing a wide range of Cast Iron Cookware’s and high-quality cast iron components. The Foundry’s current installed capacity of 2.2 million pieces per annum and has been designed to reach 4.4 million pieces per annual in future.
Stove kraft is the largest kitchen appliances company in India. It offers 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.
