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HSIL jumps after strong Q2 results

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Capital Market

HSIL surged 4.53% to Rs 290.80 at 11:19 IST on BSE after net profit rose 27.6% to Rs 24.33 crore on 0.8% decline in net sales to Rs 413.70 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 3 November 2015.

Meanwhile, the S&P BSE Sensex was up 118 points or 0.44% at 26,708.59.

On BSE, so far 23,000 shares were traded in the counter as against average daily volume of 29,426 shares in the past one quarter.

The stock hit a high of Rs 294.05 and a low of Rs 284.95 so far during the day. The stock had hit a record high of Rs 477 on 13 April 2015. The stock had hit a 52-week low of Rs 238 on 25 August 2015.

 

The stock had outperformed the market over the past one month till 3 November 2015, gaining 3.5% compared with Sensex's 1.41% rise. The scrip had, however, underperformed the market in past one quarter, sliding 10.8% as against Sensex's 5.66% fall.

The small-cap company has equity capital of Rs 14.46 crore. Face value per share is Rs 2.

HSIL is engaged in the manufacture and distribution of sanitary-ware and glass containers primarily in India.

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First Published: Nov 04 2015 | 11:20 AM IST

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