Hawkins Cookers has rallied almost 10% to Rs 2,150, also its record high, after reporting a 9% year-on-year (yoy) growth in net profit at Rs 10.18 crore due to higher sales. Net sales grew 15% at Rs 112 crore on y-o-y basis.
The company engaged in the manufacture, trading and sale of kitchenware had a net profit of Rs 5.24 crore in June quarter.
The stock has outperformed the market by rising 18% in past eight trading sessions compared to a marginal 0.3% rise in benchmark Sensex after the company said it has received a no objection certificate dated October 22, 2012 from the Punjab Pollution Control Board for its Hoshiarpur factory for manufacturing 5,200 pressure cookers and their components per day.
Today, the stock opened at Rs 2,110 and hit a low of Rs 2,041 on the BSE. Around 6,000 shares have changed hands on the counter so far against an average less than 3,000 shares that were traded daily in past two weeks.
