Stove Kraft soars on opening new retail store in Bengaluru

Stove Kraft is currently trading at Rs. 526.40, up by 7.65 points or 1.47% from its previous closing of Rs. 518.75 on the BSE.

Stove Kraft
Stove Kraft

The scrip opened at Rs. 526.15 and has touched a high and low of Rs. 532.65 and Rs. 521.45 respectively. So far 1467 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1134.85 on 18-Oct-2021 and a 52 week low of Rs. 507.10 on 14-Jun-2022.

Last one week high and low of the scrip stood at Rs. 556.85 and Rs. 507.10 respectively. The current market cap of the company is Rs. 1725.56 crore.

The promoters holding in the company stood at 56.38%, while Institutions and Non-Institutions held 17.73% and 25.89% respectively.

Stove Kraft has opened new retail store in Frazer town of Bengaluru. The said store will be owned and operated by company itself.

The store will offer entire range of products including cookware, cooktops, small appliances and LED products sold under Pigeon brand.

Over next 12-18 months, the company is expected to open 35-40 such additional company owned and company operated retail stores in the state of Karnataka.

Stove Kraft is the largest kitchen appliances company in India.

It offer premium kitchen solutions through wide range of products including pressure cookers, non-stick cookware, gas and induction cook tops, mixer grinders, chimneys and hobs among others.

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