Somany Ceramics gains on targeting 20% plus revenue growth in FY15

Somany Ceramics is currently trading at Rs. 227.00, up by 2.60 points or 1.16 % from its previous closing of Rs. 224.40 on the BSE. The scrip opened at Rs. 225.00 and has touched a high and low of Rs. 229.80 and Rs. 208.00 respectively. So far 2224 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 230.00 on 23-May-2014 and a 52 week low of Rs. 65.30 on 31-Jul-2013. Last one week high and low of the scrip stood at Rs. 230.00 and Rs. 201.75 respectively. The current market cap of the company is Rs. 862.36 crore. The promoters holding in the company stood at 56.22 % while Institutions and Non-Institutions held 7.12 % and 36.66 % respectively. Somany Ceramics has got aggressive plans with an eye on 20% plus revenue growth in FY15. The company has a planned a capex of Rs 40-50 crore, which will be funded by debt and internal accruals. Overall, the company is looking at 10 million square meters of expansion. Somany Ceramics is a pioneering manufacturer, supplier and exporter of Floor Tiles, Wall Tiles, Sanitary Ware including urinals, basins, etc. Somany strives to bring its customers floor, wall, vitrified, ceramic, porcelain and innovative tiles that are the very latest in the world.