Pokarna surges 16% in a weak market; hits over 3-year high

Pokarna Engineered Stone announced the commencement of commercial operations of its second state-of-the-art quartz surface manufacturing facility in the country

Pokarna shares, on Thursday, surged 16 per cent and hit an over three-year high of Rs 266.50 in intra-day trade on the BSE after Pokarna Engineered Stone Limited (PESL), a wholly-owned subsidiary of the company, announced the commencement of commercial operations of its second state-of-the-art quartz surface manufacturing facility in the country. The new plant is located at Mekaguda Village in Telangana, India.

The stock of the construction materials company was trading at its highest level since January 2018. It hit an all-time high of Rs 323 on April 2017. At 09:32 am, it was trading 13 per cent