Introduction:
Stock has secured an agreement with a major U.S. firm to supply Quartz kitchen sinks, committing to a production capacity of 150,000 sinks annually from May 2025. With a USD 510,000 investment, this move strengthens its global market expansion and manufacturing capabilities.
Share Price movement of Carysil:
On March 12, 2025, Carysil Limited opened at ₹507.50, reaching a high of ₹531.90, up 3.27% from its previous close of ₹504.95, with a low of ₹507.50. The stock is currently trading at ₹521.45, with a market cap of ₹1,481.73 crore.
Carysil share price rise:
Carysil Limited has entered into an agreement with Karran Inc., USA, to supply Quartz kitchen sinks for a major U.S. home retail chain. The company will dedicate a minimum production capacity of 150,000 sinks annually, with operations set to begin in May 2025.
To support this commitment, Carysil will invest approximately USD 510,000 in molds, machinery, and utilities. This strategic move strengthens its presence in the U.S. market and enhances production capabilities to meet growing demand from a major international customer.
This agreement aligns with Carysil’s expansion strategy, reinforcing its position in the global kitchen sink industry. The disclosure complies with SEBI (LODR) Regulations, 2015, ensuring transparency for stakeholders and highlighting its commitment to scaling operations in international markets.
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Ace investor holding of Carysil:
Ashish Kacholia holds 10 lakh shares in Carysil Ltd., representing a 3.52% stake valued at ₹52.1 crore. His investment remains unchanged from the previous quarter, reflecting confidence in the company’s growth potential amid its expanding presence in global kitchen sink manufacturing markets.
Stock performance of Carysil for Period of 1 week, 6 months and 1 year:
Over the past one week, Carysil’s stock declined by 1.24%, reflecting short-term volatility. In the last six months, the stock saw a significant drop of 41.5%, indicating a prolonged downtrend. Over the past year, the stock has fallen by 47.3%, highlighting continued challenges.
Shareholding pattern of Carysil:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 41.37 | 41.37 | 43.79 |
| FII | 1.29 | 1.22 | 0.7 |
| DII | 11.69 | 11.09 | 7.2 |
| Retail & others | 45.66 | 46.32 | 48.31 |
About Carysil:
Carysil ltd (NSE: CARYSIL) is a leading manufacturer of Quartz kitchen sinks, catering to domestic and international markets. With a strong global presence, the company specializes in innovative and high-quality kitchen solutions, expanding its footprint through strategic partnerships and advanced manufacturing capabilities.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
