Shares of Carysil Ltd surged 3.58% to ₹523.05 after the company announced a strategic supply agreement with Karran Inc., USA to provide quartz kitchen sinks to a major U.S. home retail chain, as per the company’s regulatory filing on March 12, 2025.
Key Highlights of the Deal:
- Carysil has committed to producing at least 150,000 quartz sinks per annum, starting May 2025.
- The company will invest approximately USD 510,000 (₹4.2 crore) in molds, machinery, and utilities to support the production.
- This agreement is expected to strengthen Carysil’s position in the U.S. market, reinforcing its capabilities in premium quartz sink manufacturing.
The announcement, made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, was signed by Company Secretary & Compliance Officer, Reena Shah.
Stock Performance:
- Current Price: ₹523.05
- Previous Close: ₹504.95
- Day’s Range: ₹507.50 – ₹531.90
- 52-Week Range: ₹482.30 – ₹1,048.00
- Market Cap: ₹14.89 billion
- P/E Ratio: 24.23
- Dividend Yield: 0.38%
This partnership is a significant milestone in Carysil’s expansion strategy, reinforcing its global footprint and bolstering its export business.
