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Acrysil touches roof on entering into strategic partnership with IKEA Supply AG

  • bitnet infotech
  • August 20, 2020
  • 8:32 am

Acrysil is currently trading at its upper circuit limit of Rs. 102.00, up by 9.25 points or 9.97% from its previous closing of Rs. 92.75 on the BSE.

The scrip opened at Rs. 93.00 and has touched a high and low of Rs. 102.00 and Rs. 92.50 respectively. So far 69314 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 2 has touched a 52 week high of Rs. 135.95 on 25-Feb-2020 and a 52 week low of Rs. 53.95 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 102.00 and Rs. 87.10 respectively. The current market cap of the company is Rs. 269.08 crore.

The promoters holding in the company stood at 44.04%, while Institutions and Non-Institutions held 1.73% and 54.23% respectively.

Acrysil has entered into a strategic partnership with IKEA Supply AG (Switzerland) for manufacturing and supply of composite quartz kitchen sinks for their global requirement. Acrysil entered into a purchase agreement with IKEA Supply AG (Switzerland), which is a part of International IKEA Group Sweden. IKEA has an expertise in distribution and supply of home improvement products. This agreement will help IKEA offer its customers best in class quartz kitchen sinks manufactured by Acrysil.

Acrysil is a leading manufacturer of composite quartz and granite kitchen sinks in India. The company exports granite sinks to more than 20 countries worldwide.

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