Gorani Industries Limited develops new model, to launch new products

Gorani Industries Limited has developed a new model in the range hood segment. The product is fit for the Indian Household as it is very economical and compact.

The Company have completed with the testing and production of initial lot of 800 units which have been dispatched in the market as well. Gorani Industries Ltd has also finished testing of one more model of gas stove, the production of which shall be started soon.

The Company has recently roped in Mr. Venkateswaran V. as its production head and Mr. Aditya Sharma for heading its QC department as the Company will be adding more range of products in future, the capacity extension in terms of machinery and manpower is in line.

The company has seen an exponential growth in its YOY comparison of Q1. Against revenue of 23 million in Q1 2021, we expected an increase of more than 300% in revenue in the Q1 of the current financial year.

Shares of GORANI INDUSTRIES LTD. was last trading in BSE at Rs. 228.00 as compared to the previous close of Rs. 240.00. The total number of shares traded during the day was 1405 in over 73 trades.

The stock hit an intraday high of Rs. 240.05 and intraday low of 228.00. The net turnover during the day was Rs. 322130.00.

Source : Equity Bulls

Keywords

GORANIINDUSTRIES INE792J01015 Hood NewModel ProductLaunch