Rushil Decor share price jumps 8% after expansion of global footprint
Stock market today: Rushil Decor board has declared to increase its global footprint. As per the exchange filing by Rushil Decor Ltd, the company board has decided to strengthen its footprint in the South American market through expansion. This strategic move is expected to boost the company's revenue and market share, potentially leading to a positive impact on its stock performance.
After this stock market news outbreak, Rushil Decor share price witnessed substantial upside since morning. Today, Rushil Decor share price opened upside at ₹303.85 apiece on NSE and touched an intraday high of ₹324.50 per share, recording a nearly 8 percent rise against Wednesday's close of ₹300.45 per share. Rushil Decor, a company with a global reach, has exciting news to share.
We are thrilled to announce our strategic expansion into South America, one of the largest markets for MDF globally. This move is set to open up new avenues of growth and profitability for Rushil Decor, and we are confident that it will be a game-changer for our business. As a leader in MDF manufacturing in India, Rushil Decor is not just meeting but exceeding expectations.
Our recent 9% growth in the January to March 2024 quarter, compared to the same period last year, and the significant contribution of export revenue to our total revenue in the fourth quarter of FY24, are testament to our strong financial performance and international footprint. This expansion into South America is a strategic move that aligns perfectly with the projected growth of the global MDF market, further bolstering our confidence in the future. At Rushil Decor, we are not just about expansion and growth.
Read more on livemint.com
