Pokarna Engineered Stone partners with IKEA India

Under the agreement, the company will supply engineered quartz surfaces countertop and will also undertake measuring, planning, installation and home delivery of its products to IKEA's customer.

Jan 09, 2017 09:01 IST India Infoline News Service

Pokarna’s wholly owned subsidiary - Pokarna Engineered Stone (PESL) has entered into partnership with IKEA India, to serve as IKEA’s exclusive quartz surfaces supply and installation partner. Under the agreement, the company will supply engineered quartz surfaces countertop and will also undertake measuring, planning, installation and home delivery of its products to IKEA's customer. 

Stocks view:

Pokarna Ltd had ended at Rs 919.9, up by Rs 8.45 or 0.93% from its previous closing of Rs 911.45 on the BSE.

The scrip opened at Rs 925 and touched a high and low of Rs 925 and Rs 910 respectively. A total of 342(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 570.41 crore.

The BSE group 'B' stock of face value Rs 10 touched a 52 week high of Rs 1064 on 20-May-2016 and a 52 week low of Rs 660 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 928 and Rs 890 respectively.

The promoters holding in the company stood at 56.67 % while Institutions and Non-Institutions held 1.13 % and 42.21 % respectively.

The stock traded above its 50 DMA.

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