Nilkamal gains on diversification plans
Nilkamal has moved higher by 4% at Rs 282 on reports of a foray into the mattresses business and plans to set up a mattress manufacturing facility at Hosur.
“Nilkamal will soon start a manufacturing facility at Hosur in Tamil Nadu and within the next one year, the facility shall be extended to other three zones where the company has its existing manufacturing facility for chairs," the Business Standard newspaper report suggests, quoting the company's director, Manish Parekh.
The stock opened at Rs 279 and touched a high of Rs 295 on the NSE. A combined 20,585 shares have changed hands on the counter till 1211 hours.
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