Asian Granito India (AGIL), the ceramic tile manufacturing companies in India, announced that the company is in process to enter into joint venture (JV) with a local partner to establish 10,000 meters per day glaze vitrified tile manufacturing unit in Andhra Pradesh.
The stock had underperformed the market over the past one month till Mar. 14, 2018, falling 12.74% compared with the Sensex's 0.94% decline. It outperformed the market in past one quarter, gaining 2.03% as against 1.77% rise in the Sensex.
Shares of the company gained Rs 7.15, or 1.52%, to trade at Rs 478.00. The total volume of shares traded was 5,732 at the BSE (10.11 a.m., Thursday).