Buy : Aro Granite India Limited
CMP : 86.85
Time Frame : Hold Till end of Bonus Record Date and sell it a day before
About the Company
Aro Granite, a 100% Export Oriented Unit based at Hosur in Tamil Nadu, promoted by Mr. Sunil K. Arora, has two units certified for ISO 9001:2000 Quality Management Systems by RWTUV, Germany. Unit I is for Modular Granite Tiles with an installed capacity of 180,000 Sq. Mtr. and Unit II for Granite Random Slabs with 295,000 Sq. Mtr.
Aro Granite Industries Ltd. is engaged in the manufacture of Modular Granite Tiles and Granite Random Slabs. It is a 100% Export Oriented Unit and exports its entire production to North America, Europe and the Far East. The Company is certified ISO 9001:2000 Quality Management Systems by RWTUV, Germany.
Aro Granite Industries gained almost by 1.53% to Rs 113 on friday in BSE , They gave a result which is not that good also they showed a net profit declined 28.4% to Rs 2.57 crore on 1.6% fall in net sales to Rs 24.99 crore in Q3 December 2007 over Q3 December 2006. The board has approved to issue bonus shares in the ratio of 1:2.