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The Murudeshwar stock has been witnessing some quiet accumulation of late. On Tuesday, the stock surged 4.53 per cent with 1.17 lakh shares changing hands. The two-week average volumes for the counter stand at 23,035 shares.

According to market participants, the ongoing construction and infrastructure boom is likely to benefit the company. Analysts tracking the sector, expect the company to grow at a 20 per cent CAGR over the next three years. It is also expanding its capacity in its two plants - Karaikal and Hubli. At Karaikal, it is increasing its vitrified tiles capacity and is restarting its ceramic tiles division at Hubli. The large size vitrified tiles are being manufactured for corporate and institutional customers.

K.S. Badri Narayanan

More Stories on : Stock Markets | Stocks | Ear to the ground | Ceramics

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