Hardwyn India Shares Jump 5% After Its Subsidiary Launches New Product Line

Shares of Hardwyn India Ltd surged during Saturday's special trading session, extending its gains for the second straight session after its subsidiary Slim-X unveiled a range of new products. The company informed about the same through an exchange filing after the market hours on Friday.

Subsidiary Slim-X, a wholly-owned subsidiary of Hardwyn India, has unveiled a range of innovative products. The new brand, with cutting-edge technology, said the exchange filing with the bourses.

"The company is now expecting to generate revenue of Rs 100 crore in the next two years," said the filing further.

Following the announcement, shares of Hardwyn India rose more than 4.65 per cent to Rs 46.19 on Saturday trading session, commanding a total market capitalization of more than Rs 1,600 crore. The scrip had settled at Rs 44.13 in the previous trading session on Friday. The stock has gained about 170 per cent from its 52-week lows at Rs 17.25 hit in April 2023.

Hardwyn India is a manufacturer of architectural hardware and glass fittings, providing complete solutions for both residential as well as commercial structures since the past five decades.

For both residential and commercial projects in a variety of industries, Hardwyn is the go-to partner. This company specialises in producing architectural hardware and glass fittings and provides end-to-end solutions for both residential and commercial buildings.