Pokarna is in the limelight today, surging almost 16% to hit a 3-year high at Rs.266.50 on the back of over 5.5 times jump in volumes. The stock continues to trade in the positive zone at Rs.260 levels.
The stock has reacted positively to the news that Pokarna Engineered Stone, a wholly owned subsidiary of the company, started commercial production at its Unit 2, w.ef. March 24, 2021. The new plant is located at Mekaguda Village in Telangana.
The company says that Unit 2 is one of the world’s largest quartz surfaces manufacturing facilities, equipped with most advanced ‘Bretonstone’ technologies, from Breton SpA of Italy, to produce Super Jumbo, Jumbo and Regular size slabs.
Exported globally under the brand name of Quantra Quartz, PESL’s surfaces and fabricated products range from sinks and basins to shower trays and vanities and are now being launched in India.