Shares of Stove Kraft Ltd. surged 6%, reaching a day’s high of Rs 975 on 19th December after the firm announced plans to sell cookware through IKEA’s global stores.

Today, Stove Kraft announced via a press release that it will develop a range of cookware to be sold through IKEA’s global network starting in 2026.

The cookware will be manufactured at a facility spanning 180,000 square feet, located at the company’s Harohalli campus.

The company stated the partnership aligns with its strategic goal of expanding its global footprint and strengthening its international market presence.

The collaboration with IKEA is expected to introduce global best practices in manufacturing and supply chain processes.

They specialise in kitchen and home appliances, including cookware, cooking appliances, and household utilities.

So far, in 2024, the shares of Stove Kraft gave gigantic returns of nearly 96%. Currently, the firm’s market cap stands at around Rs 2,984 crore.

At 12:15 PM, the shares of Stove Kraft were trading 0.23% higher at Rs 898.20 on NSE.

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