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Kanohar, Glass Wall Systems zoom 18%; up 40% against issue price in 2 days
Kanohar and Glass Wall Systems Shares: Analysts say Kanohar offers attractive investment merit backed by strong order-book visibility, leadership in the transformer segment, healthy profitability, and favorable industry tailwinds.
Analysts say Kanohar offers attractive investment merit backed by strong order-book visibility, leadership in the transformer segment, healthy profitability, and favorable industry tailwinds.
Kanohar Electricals, Glass Wall Systems (India) shares today
Kanohar Electricals and Glass Wall Systems (India) share prices surged 18 per cent on the BSE in Thursday’s intra-day deals amid heavy volume, following a strong debut on the bourses on Wednesday. These stocks are trading at up to a 40 per cent premium over their respective issue price. In comparison, the BSE Sensex was down 0.04 per cent at 74,309 at 01:36 PM.
Kanohar Electricals soared 18 per cent to ₹885.65 in intra-day deals. It soared 40 per cent against its issue price of ₹632 per share. Currently, Kanohar quoted 14 per cent higher at ₹855.05 on the BSE. A combined 20.46 million shares changed hands on the NSE and BSE.
Glass Wall Systems (India) also rallied 18 per cent to ₹254.95 on the BSE. Currently, the stock traded 16 per cent higher at ₹248.90, with a combined 64.04 million shares changing hands on the NSE and BSE.
Glass Wall Systems is a premium façade solutions and fenestration provider in India and across markets in the US and Australia. It is the second-largest provider of façade solutions in India in terms of revenue in Fiscal 2025 and Fiscal 2024 (Source: Ken Report).
Kanohar Electricals is a Meerut-based manufacturer of power transformers and specialised electrical equipment, catering to power transmission, railways, renewable energy and distribution sectors. Its product portfolio includes power transformers, traction transformers, Scott-connected transformers, shunt reactors and high-voltage gas insulated switchgear (GIS).