HIL drops to 52-week low on reverse turnaround in Q2

HIL lost 3.8% to Rs 261 at 9:48 IST on BSE after the company reported net loss of Rs 7.36 crore in Q2 September 2013 as against net profit of Rs 10.76 crore in Q2 September 2012.

The Q2 result was announced at the fag end of market hours on Monday, 28 October 2013. The stock had lost 2.72% to settle at Rs 271.30 on that day.

Meanwhile, the S&P BSE Sensex was down 9.58 points or 0.05% at 20,560.70.

On BSE, 3,902 shares were traded in the counter as against average daily volume of 2,034 shares in the past one quarter.

The stock hit a low of Rs 252 so far during the day, which is also its 52-week low for the counter. The stock hit a high of Rs 264.05 so far during the day. The stock had hit a 52-week high of Rs 545 on 31 October 2012.

The stock had underperformed the market over the past one month till 28 October 2013, declining 5.39% compared with the Sensex's 4.27% rise. The scrip had also underperformed the market in past one quarter, sliding 17.61% as against Sensex's 4.16% rise.

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

HIL's net sales declined 24.8% to Rs 161.79 crore in Q2 September 2013 over Q2 September 2012.

HIL is engaged in fibre cement roof manufacturing in India.

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