Somany Ceramics gains after adding a new product to its tiles portfolio

Somany Ceramics rose 3.48% to Rs 365.50 at 11:54 IST on BSE after the company said it has launched rock solid stone tiles for the outdoor and rough usage.

Meanwhile, the S&P BSE Sensex was up 139.92 points or 0.54% at 25,915.66.

On BSE, so far 6,996 shares were traded in the counter as against average daily volume of 16,067 shares in the past one quarter.

The stock hit a high of Rs 370.40 and a low of Rs 359 so far during the day. The stock had hit a record high of Rs 499.90 on 22 April 2015. The stock had hit a 52-week low of Rs 274 on 17 December 2014.

The stock had outperformed the market over the past one month till 24 November 2015, sliding 5.91% compared with Sensex's 6.17% fall. The scrip had also outperformed the market in past one quarter, surging 6.74% as against Sensex's 0.13% rise.

The small-cap company has equity capital of Rs 7.77 crore. Face value per share is Rs 2.

Somany Ceramics said it has added another durable product to its existing tiles portfolio viz. rock solid stone tiles. Stone 16 floor tiles are the extra strong floor tiles ideal for outdoor usage, Somany Ceramics said.

Somany Ceramics' net profit rose 1.4% to Rs 10.65 crore on 8.4% growth in net sales to Rs 403.33 crore in Q2 September 2015 over Q2 September 2014.

Somany Ceramics is a manufacturer of ceramic tiles and allied products.

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