Somany Ceramics witnessed a rise in share price on Thursday after the company announced that expansion of sanitaryware plant of Somany Sanitary Ware, the company's subsidiary is successfully completed and commercial production has commenced from 26 April 2017.
As a result of this expansion, the capacity of plant has increased from 3.03 lakh pieces per annum to upto 11.50 lakh pieces per annum.
Shares of Somany Ceramics are trading at Rs 735, up Rs 10.15, or 1.40% at the Bombay Stock Exchange (BSE) on Thursday at 11:12 a.m.
The scrip has touched an intra-day high of Rs 744.60 and low of Rs 721.70. The total volume of shares traded at the BSE is 1,060.
In the earlier session, the shares fell 5.08%, or Rs 38.8, at Rs 724.85. Currently, the stock is trading down 4.17% from its 52-week high of Rs 767 and above 82.7% over the 52-week low of Rs 402.30.