Pokarna hits 52-week high as arm partners with IKEA India

The stock soared 20% at Rs 1,104, also its 52-week high on the BSE in intra-day trade

Pokarna soared 20% at Rs 1,104, also its 52-week high on the BSE in intra-day trade, after the company said Pokarna Engineered Stone, its wholly-owned subsidiary, has partnered Swedish home furnishing products retailer IKEA in India, to serve as its exclusive quartz surfaces supplier and installation partner.

“Under the agreement, Pokarna will supply engineered quartz surfaces, counter-top and will also undertake measuring, planning, installation and home delivery of its products to IKEA's customer,” Pokarna said in a BSE filing.

Pokarna had reported 39% year on year growth in its consolidated net profit at Rs 34 crore for the