Stove Kraft to open 35-40 new exclusive retail stores in Karnataka in next 12 - 18 months

Stove Kraft has announced the opening of its first company owned and company operated retail store in Frazer town of Bengaluru. The store will offer entire range of products including cookware, cooktops, small appliances and LED products sold under Pigeon brand.

Over next 12-18 months, the Company is expected to open 35-40 such additional company owned and company operated retail stores in the state of Karnataka.

Commenting on this development, Mr. Rajendra Gandhi, Managing Director said, "This is an important milestone in the growth journey of Stove Kraft and underlines strong consumer sentiment and business environment. Through these stores, Stove Kraft will continue to offer diversified product portfolio at an attractive price point to its customers."

Shares of Stove Kraft Limited was last trading in BSE at Rs. 518.75 as compared to the previous close of Rs. 521.85. The total number of shares traded during the day was 6192 in over 658 trades.

The stock hit an intraday high of Rs. 525.70 and intraday low of 507.10. The net turnover during the day was Rs. 3209811.00.

Source : Equity Bulls

Keywords

StoveKraft INE00IN01015 RetailStore CompanyOwned CompanyOperated Karnataka FrazerTown Bengaluru NewStore