Asian Granito India rose 3.71% to Rs 170.60 at 14:55 IST on BSE after the company launched its new product 'SLIMGRES', the thinnest tile ever made in India.
The company made the announcement during market hours today, 17 December 2015.
Meanwhile, the S&P BSE Sensex was up 229.18 points or 0.9% at 25,723.55.
On BSE, so far 35,434 shares were traded in the counter as against average daily volume of 68,316 shares in the past one quarter.
The stock hit a high of Rs 172.20 and a low of Rs 165.80 so far during the day. The stock had hit a record high of Rs 197.10 on 26 November 2015. The stock had hit a 52-week low of Rs 83 on 9 September 2015.
The stock had underperformed the market over the past one month till 16 December 2015, falling 1.85% compared with Sensex's 1.03% fall. The scrip had, however, outperformed the market in past one quarter, gaining 49.41% as against Sensex's 1.81% fall.
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The small-cap company has equity capital of Rs 22.58 crore. Face value per share is Rs 10.
Asian Granito India said that these ultra thin glazed vitrified tiles are an epitome of innovation a perfect merge of sleekness with utility. This is the new innovation of Asian Granito India which will make the difference in tile industry, it added.
Asian Granito India's net profit rose 13.9% to Rs 4.50 crore on 9.5% growth in net sales to Rs 235.40 crore in Q2 September 2015 over Q2 September 2014.
Asian Granito India is one of the leading growing ceramic, vitrified tile, marble and quartz company.
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