Asian Granito spikes ahead of product launch

Asian Granito India (AGL) will launch tiles products on August 1, 2018 at Mumbai under different verticals with exclusive design and pattern to upgrade its product portfolio. The company is launching more than 325 products across the verticals.

 For the first time, AGL is introducing 900x1800mm & full body hard stone under 600X1200MM in GVT. Two new formats in Double Charged are also introduced which are 800x1600MM & 600X1200MM. For value-added segment it is also launching 300x1200MM (Step & Riser). These products range are having good potential in the market.

The promoters holding in the company stood at 32.53 per cent, while Institutions and Non-Institutions held 13.83 and 53.64 per cent, respectively

Asian Granito is engaged in the business activities of quarrying of marble and is a top tile manufacture. The company's products include, digital, porcelain, composite marble, quartz and vitrified tiles.

On Thursday, the stock has opened at Rs. 290 per share and touched a high/low of Rs. 292.05/Rs. 280 respectively and at 03:23 pm, the stock was quoting at Rs. 289.95 per share, which is up by 1.33per cent on BSE.