The company’s Q2 consolidated net profit rose 152.13% YoY to Rs 29.5 crore, beating Bloomberg estimate of Rs Rs 24.7 crore.

Somany Ceramics Jumps Over 8% After Q2 Profit More Than Doubles

The joint venture will be for the purpose of establishing a tile manufacturing facility in Nepal for manufacture of wall and floor tiles and allied products in Nepal, and sale thereof.

Somany Ceramics gains on joint venture for tile-making facility in Nepal

ICICI Securities is bullish on Somany Ceramics recommended buy rating on the stock with a target price of Rs 939 in its research report dated August 12, 2023.

Buy Somany Ceramics; target of Rs 939: ICICI Securities

Somany Ceramics Consolidated June 2023 Net Sales at Rs 586.53 crore, up 4.9% Y-o-Y

Net capacity addition at Somany Ceramics has been around 11 million square meters across ongoing projects that have seen an investment of around Rs 500 crore.

Somany Ceramics capacity addition on track across 11 plants

Results Review for Shree Cement and Somany Ceramics

Somany Ceramics Consolidated March 2023 Net Sales at Rs 679.22 crore, up 10.12% Y-o-Y

Somany Ceramics Q4 Results Review - Higher Sales Volume Supported Quarterly Performance: IDBI Capital

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Stocks that will see action today (May 23, 2023)

New Delhi [India], April 1 (ANI/NewsVoir): SOMANY, a ceramic tile giant announced today its association with Lucknow Super Giants - the Indian Premier League (IPL) franchise team owned by the RP-Sanjiv Goenka Group, as their official partner. With this partnership, Lucknow Super Giants, popularly kn…

Somany Ceramics marks its entry in IPL 2023 as the official partner of Lucknow Super Giants

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Stocks that will see action on March 29, 2023

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced and in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Somany Ceramics Limited is a manufacturer and marketer of tiles and offers a range of sanitary ware and bath fittings. The Company is engaged in manufacturing ceramic/vitrified wall and floor tiles.