Himatsingka Seide moves up after posting good Q4 results

Himatsingka Seide gained 1.7% to Rs 334.90 at 10:15 IST on BSE after net profit rose 31.91% to Rs 43.57 crore on 55.67% rise in net total revenue to Rs 404.05 crore in Q4 March 2017 over Q4 March 2016.

The result was declared after market hours yesterday, 23 May 2017.

Meanwhile, the S&P BSE Sensex was up 108.74 points, or 0.36%, to 30,473.99. The S&P BSE Mid-Cap index was unchanged at 14,241.35.

On the BSE, 1,256 shares were traded in the counter so far as against an average daily volume of 29,915 shares in the past one quarter.

The stock had hit a high of Rs 340.15 and a low of Rs 332 so far during the day. The stock had hit a record high of Rs 384.50 on 10 February 2017 and a 52-week low of Rs 211.50 on 24 May 2016.

The stock had underperformed the market over the past one month till 23 May 2017, falling 4.11% compared with Sensex's 3.41% gains. The scrip had also underperformed the market in past one quarter, dropping 7.69% as against Sensex's 5.1% rise.

The mid-cap company has an equity capital of Rs 49.23 crore. Face value per share is Rs 5.

Himatsingka Seide's board approved final dividend of Rs 2.50 per share for the year ended 31 March 2017 (FY 2017).

The Himatsingka Group is a vertically integrated home textile major with a global footprint. The Group focuses on the manufacture, retail and distribution of home textile products.

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