Asian Granito hits record high

Asian Granito India surged 12.03% to Rs 194.20 at 9:59 IST on BSE after the company said it has won an order for its recently launched tiles variants.

The announcement was made after market hours yesterday, 7 June 2016.

Meanwhile, the S&P BSE Sensex was up 32.33 points or 0.12% at 27,042.

On BSE, so far 1.93 lakh shares were traded in the counter as against average daily volume of 14,000 shares in the past two weeks. The stock hit a high of Rs 199.75 so far during the day, which is a record high for the counter. The stock hit a low of Rs 187.20 so far during the day. The stock had hit a 52-week low of Rs 83 on 9 September 2015.

Asian Granito India (AGL) announced that it has a won a 12 lakh sq. meters order for its recently launched 1000x1000mm Jumbo Double Charge vitrified tiles and 800x800mm Imperio Double Charge vitrified tiles. Jumbo is AGL's first initiative to make such gigantic size through most eco-friendly double charge technology of the world, with the special type of fedders to provide regal designs, AGL said in a statement. Imperio Double Charged vitrified tile is blend of aesthetic look like digital tiles, the company said. The announcement was made after market hours yesterday, 7 June 2016.

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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