Timbor Home at 52-week high on order from Coastal Gujarat

Timbor Home , the largest manufacturer-retailer of modular kichens and solid wood further in India, gained as much as 11.9 percent to touch a 52-week high of Rs 57.40 on Thursday after winning Rs 4 crore order from subsidiary of Tata Power.

The company has won an order for solid wood further worth approximately Rs 4 crore from Coastal Gujarat Power (A TATA Power company) for their Mundra township project in Gujarat.

Timbor has a pan India retail presence in 81 cities with over 140 exclusive showrooms for its various products.

At 12:10 hours IST, the stock rallied 6.24 percent to Rs 54.50 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 80.42 crore.

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