Asian Granito India rose 1.73% to Rs 192 at 15:13 IST on BSE after the company announced new product launch of two new varieties of tiles.
The announcement was made during market hours today, 4 July 2016.Meanwhile, the S&P BSE Sensex was up 123.76 points or 0.46% at 27,268.67
On BSE, so far 19,000 shares were traded in the counter as against average daily volume of 33,753 shares in the past one quarter. The stock hit a high of Rs 195 and a low of Rs 189.60 so far during the day. The stock hit a 52-week high of Rs 199.75 on 8 June 2016. The stock had hit a 52-week low of Rs 83 on 9 September 2015. The stock had outperformed the market over the past 30 days till 1 July 2016, rising 10.55% compared with 1.12% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 26.12% as against Sensex's 7.42% rise.
The small-cap company has equity capital of Rs 22.58 crore. Face value per share is Rs 10.
Asian Granito India said that the board of directors of the company has announced launch of Premium Grestek, glazed vitrified tiles and Grestek Marvel, premium color body tiles for wall and floor. These products are fresh in the segment with touch of Italian choices, Asian Granito India said. It consists of natural wood patterns, natural stone designs, metallic and special effect surfaces with color and decor options, the company said.
Asian Granito India's net profit rose 30.3% to Rs 5.67 crore on 4.6% decline in net sales to Rs 225.75 crore in Q4 March 2016 over Q4 March 2015.
Asian Granito India is one of the leading growing ceramic, vitrified tile, marble and quartz companies.
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