Stove Kraft trades higher on the bourses
Stove Kraft is currently trading at Rs. 919.10, up by 23.05 points or 2.57% from its previous closing of Rs. 896.05 on the BSE.
The scrip opened at Rs. 900.45 and has touched a high and low of Rs. 973.25 and Rs. 879.65 respectively. So far 18921 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 973.25 on 19-Dec-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. 973.25 and Rs. 766.00 respectively. The current market cap of the company is Rs. 3072.82 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 been chosen by IKEA (Global Retail Chain) as supply partner. As part of this partnership, the company will develop a range of cookware to be sold through IKEA’s global network of stores from 2026. The manufacturing facility for this partnership is being housed in a built up area of 180,000 sq ft at its Harohalli campus.
The development aligns with the Company’s strategic objective of expanding its global footprint and strengthening its presence in international markets. The partnership with IKEA will also bring in global best practices in manufacturing and supply chain processes.
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
