Asian Granito seems to have floored the traders. The stock hit a life time high today at Rs.199.75. Volumes are up almost 16 times.

The reason for this new found love? The company announced yesterday evening that it has received an order for its recently launched vitrified tiles Jumbo and Imperio. This order is for 12 lakh sq. metres for 1000x1000mm Jumbo Double Charge Vitrified Tiles and 800x800mm Imperio Double Charge Vitrified Tiles.

The financial worth of this order is not divulged.

The company had ended Q4FY16 with a 30% (YoY) rise in net profit at Rs.6 crore on a 4% drop in net revenue at Rs.227 crore. Reduction in total costs and interest outgo helped boost a better bottomline.