HIL drops after weak Q4 result

HIL lost 4.03% to Rs 536.50 at 11:54 IST on BSE after net profit dropped 65% to Rs 4.49 crore on 4.5% fall in total income to Rs 264.72 crore in Q4 March 2016 over Q4 March 2015.

The Q4 result was announced after market hours yesterday, 5 May 2016.

Meanwhile, the S&P BSE Sensex was down 119.84 points or 0.47% at 25,142.37

On BSE, so far 2,891 shares were traded in the counter as against average daily volume of 3,822 shares in the past one quarter. The stock hit a high of Rs 544 and a low of Rs 527.50 so far during the day. The stock hit a record high of Rs 850 on 10 August 2015. The stock hit a 52-week low of Rs 421.75 on 25 February 2016. The stock had outperformed the market over the past one month till 5 May 2016, rising 8.39% compared with the Sensex's 1.52% gains. The scrip had also outperformed the market in past one quarter, gaining 5.52% as against Sensex's 2.62% gains.

The small-cap company has equity capital of Rs 7.46 crore. Face value per share is Rs 10.

HIL (formerly Hyderabad Industries) is into building material solutions industry. HIL is a pioneer of green building materials, producing roofing solutions, panels, walling blocks, plywood substitutes, high-quality pipes and fittings, and industrial insulation.

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