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16-Apr2018

Carnation Industries gains on starting production in grey iron unit

Carnation Industries is currently trading at Rs. 33.70, up by 0.70 points or 2.12% from its previous closing of Rs. 33.00 on the BSE.

The scrip opened at Rs. 36.80 and has touched a high and low of Rs. 36.80 and Rs. 33.00 respectively. So far 1420 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.90 on 08-Jan-2018 and a 52 week low of Rs. 25.45 on 28-Mar-2018.

Last one week high and low of the scrip stood at Rs. 36.80 and Rs. 30.25 respectively. The current market cap of the company is Rs. 11.50 crore.

The promoters holding in the company stood at 43.68%, while Institutions and Non-Institutions held 0.95% and 55.37% respectively.

Carnation Industries has started production in grey iron unit and production in ductile iron unit is scheduled to start shortly.

Carnation Industries initially started off as merchant exporters and later diversified into manufacturing. Product range of the company includes Ductile & Grey Iron Sanitary Castings.


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