Somany Ceramics witnessed a rise in share price on Monday after the Reserve Bank of India (RBI) on Friday raised investment limit for foreign institutional investors (FIIs) to 40% of the paid up capital under the Portfolio Investment Scheme (PIS).

The RBI said, "The purchases could be made through primary market and stock exchanges and would be subject to Regulation 5(2) of FEMA Notification No.20/2000-RB dated May 03, 2000 (as amended from time to time) and other terms and conditions stipulated by the Reserve Bank."

Shares of Somany Ceramics are trading at Rs 414.10, up Rs 7, or 1.72% at the Bombay Stock Exchange (BSE) on Monday at 11:28 a.m.

Total volume of shares traded on the bourses today was higher by 177.76% to 20,424 compared with 22-day average volume of 7,353.