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Pokarna Ltd.
10 Jun 2019
1273.35
4.84%
ICICI Securities Limited
Pokarna's revenue growth was led by strong performance in the quartz division that grew 112.9% YoY to | 107.2 crore in Q4FY19. This was on account of a couple of factors: i) better realisation on quartz products due to currency depreciation and a better product mix and ii) shift in demand towards Indian quartz in export markets, especially with the US imposing anti-dumping duty on Chinese quartz, which accounts for ~60% of the US quartz market. Going ahead, Pokarna's quartz portfolio, with 64+ colour palettes with multiple shades & textures of ~350 colours, augurs well for the...
Pokarna Ltd. is trading at high day volume of 133.9K.
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