InvestorQ : Why have the shares of Pokarna rallied so sharply in recent days?
Juvina Maggie made post

Why have the shares of Pokarna rallied so sharply in recent days?

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Deepa Salunkhe answered.
4 weeks ago
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In early trades on Thursday 24 March, the Hyderabad based Pokarna Ltd surged 16% to scale a 3-year high price of Rs.267. This was after Pokarna Engineered Stone Limited, a 100% subsidiary of the Pokarna Ltd, announced commencement of commercial operations of its state-of-the-art quartz surface manufacturing facility in Mekaguda Village in the state of Telangana in Southern India.

Pokarna had touched a life-time high of Rs.323 on April 2017 with a virtual doubling of combined trading volumes on the BSE and the NSE put together. The Quartz unit is spread over 600,000 SFT and is one of the largest quartz surfaces manufacturing facilities in the world. Even its Italian technology procured from Breton SPA is state of the art.

Pokarna Engineered Stone has a huge customer base spread across North America, Europe, Middle East and India. Its products range from sinks and basins to shower trays and vanities.

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