Stock Report

Kanani Industries Ltd secures export orders of Rs. 200 million



Posted On : 2023-10-03 15:52:44( TIMEZONE : IST )

Kanani Industries Ltd secures export orders of Rs. 200 million

Kanani Industries Limited has successfully secured Export Orders, valued at Appx Rs. 200 million, from our esteemed international clients. These orders pertain to the manufacturing of Jewelry. It is noteworthy that these orders will be fulfilled using our in- house, backward-integrated manufacturing facility, which will enhance the company's profit margins.

The Company targets to deliver the aforesaid order within a swift timeframe of <<6 months>>.

Kanani Industries Ltd is a well-established manufacturer-exporter in the Jewelry and Gem industry, with a rich history spanning more than one decade. In addition to its core operations, the company is actively engaged in the production and marketing of diamond studded Jewelry to a global clientele.

Distinguished as the preferred manufacturer for numerous renowned global retailers, department stores, and wholesalers operating across prominent international markets, Kanani Industries is recognized for its conscientious sourcing of diamonds, utilization of cutting-edge technologies, and streamlined manufacturing processes, all contributing to cost-efficiency and swift delivery times.

Presently, Kanani Industries stands at a pivotal juncture, reaping the benefits of proactive business strategies, particularly into diamond studded Jewelry.

Looking ahead, Kanani Industries is committed to building a brighter future, underpinned by unwavering dedication and a solid foundation.

Shares of Kanani Industries Limited was last trading in BSE at Rs. 7.91 as compared to the previous close of Rs. 7.81. The total number of shares traded during the day was 17352 in over 113 trades.

The stock hit an intraday high of Rs. 8.00 and intraday low of 7.75. The net turnover during the day was Rs. 137337.00.

Source : Equity Bulls

Keywords

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