Pokarna hits a new high

Pokarna, which is a Secunderabad based company, processes granite and has two factories to do so. This company is the limelight today as its wholly-owned subsidiary , Pokarna Engineered Stone Ltd, has partnered with Swedish home furnishing products retailer IKEA in India, to serve as its exclusive quartz surfaces supplier and installation partner.

Under the agreement, Pokarna will supply engineered quartz surfaces, counter-top and will also undertake measuring, planning, installation and home delivery of its products to IKEA's customer.

Naturally, this is great news for the stock price which today hit a new 52-week high at Rs.1103.85, up almost 20%. Volumes have jumped up a jaw dropping almost 80 times!