siyaram silk mills recently rose to 52 week launch Cadini Italy fragrances in india multibagger smallcap stock nse bse share price
Shares of Siyaram Silk Mills in Friday trade rose to a 52-week high of Rs 937.85 per share on the BSE. At last count, the textile stock was up nearly 9 percent or Rs 73.10 at Rs 910.4, after rising 12 percent on the day.
The rise in the stock price was initiated after the company under the brand name Cadini Italy, a global brand of Italian craftsmanship and timeless beauty, launched Cadini Italy fragrances in India. The historic event marked a milestone in the brand’s global expansion, bringing its timeless collection of exquisitely crafted Italian luxury to the Indian market, added a company release.
Known for its globally sought-after men’s fashion, Cadini Italy now extends its promise of luxury with a fragrance collection. During the special launch, the company presents four special hand-selected fragrances: Leonardo’s Secret, Italian Renaissance, Roman Affair, and Sicilian Romance. The perfume is available in three sizes—100 ml, 35 ml, and 2 ml.
At the launch, Ramesh Poddar, Chairman and Managing Director, Siyaram Silk Mills Limited, said, “We are extremely proud to launch Cadini Italy Perfumes, which marks a new chapter in our history of Italian craftsmanship and amazing craftsmanship. This launch, along with Cadini Italy’s first foray into e-commerce, highlights our commitment to high-quality, world-class craftsmanship in bringing Italian luxury to Indian consumers.”
Daniella Nicolle Faralli, Product Director of Cadini Italy, currently based in Florence, Italy, said, “India means more than a market for Cadini Italy; its deep connection transcends geographical boundaries. The launch of Cadini Italy Perfumes in India is an exciting step forward.
Additionally, the launch of our e-commerce platform opens a new chapter in Cadini Italy’s journey, expanding our reach to a wider audience and making the beauty of Italy more accessible to the Indian people, added Daniella.
Lowest price of Siyaram Silk Mills shares
On a year-to-date basis, the stock has gained 71 percent, and its 3-year return is 103 percent.
