Asian Granito surges on launching ‘ATMANIRBHAR PROGRAM’

25 Jun 2020 Evaluate

Asian Granito India is currently trading at Rs. 221.00, up by 5.20 points or 2.41% from its previous closing of Rs. 215.80 on the BSE.

The scrip opened at Rs. 220.10 and has touched a high and low of Rs. 224.00 and Rs. 216.95 respectively. So far 3289 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.00 on 27-Feb-2020 and a 52 week low of Rs. 109.15 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 224.00 and Rs. 167.00 respectively. The current market cap of the company is Rs. 649.29 crore.

The promoters holding in the company stood at 33.72%, while Institutions and Non-Institutions held 11.12% and 55.16% respectively.

Asian Granito India (AGL) has launched ‘ATMANIRBHAR PROGRAM’ to drive retail and secondary sales in the semi urban and rural area. The program is aimed at reducing marketing costs and improves profitability while generating employment opportunities in these regions in current slowdown period. Pilot project is launched in Gujarat and the company aims to launch this Pan India in the coming time.

The company has taken this new initiative to let people earn by working from home and become its business partners under ‘AGL ATMANIRBHAR PROGRAM’. These partners will be known as IBP (Individual Business Partner) who will promote AGL products in given rural areas by under the flagship of AGL training program. Idea is to create employment as well as increase AGL reach across the nation in rural areas and help AGL trade partners to strengthen their secondary business and create awareness of all AGL product baskets. The program will also help company in reducing sales & marketing cost and increase sales and profitability.

Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.

Asian Granito India Share Price

67.27 -3.24 (-4.60%)
06-Jan-2025 13:28 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1103.95
Somany Ceramics 633.45
Cera Sanitaryware 7293.90
Asian Granito India 67.27
Pokarna 1195.90
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