12 Aug 2024

Stove Kraft Surges After Commissioning 4 MWp Solar Power Plant

Stove Kraft's stock is currently trading at Rs. 658.90, marking a rise of 47.30 points or 7.73% from its previous close of Rs. 611.60 on the BSE.

The stock opened at Rs. 619.00 and has reached a high of Rs. 680.00 and a low of Rs. 619.00. So far, 24,879 shares have been traded.

The BSE group 'B' stock with a face value of Rs. 10 has hit a 52-week high of Rs. 680.00 on August 12, 2024, and a 52-week low of Rs. 410.10 on March 27, 2024.

Over the past week, the stock's high and low were Rs. 680.00 and Rs. 556.60, respectively. The company's current market cap is Rs. 2,193.98 crore.

Promoters hold 55.88% of the company, while institutions and non-institutional investors hold 5.62% and 38.50%, respectively.

Stove Kraft has successfully commissioned a 4 MWp solar power plant on the rooftop of its newly built Unit 3, costing Rs. 13.88 crore. This plant is expected to generate 6 million units annually, covering 20% of the company's current consumption needs and saving Rs. 6 per unit in electricity costs. The company now has a total of 7.06 MWp of solar and 2 MW of wind power capacity.

Stove Kraft, India's largest kitchen appliances company, offers premium kitchen solutions with a wide range of products including pressure cookers, non-stick cookware, gas and induction cooktops, mixer grinders, chimneys, and hobs, among others.