HSIL drops after weak Q2 earnings

HSIL lost 3.51% to Rs 88 at 13:18 IST on BSE after net profit declined 55.46% to Rs 9.13 crore on 10.95% growth in total income from operations to Rs 387.64 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced after market hours on Thursday, 7 November 2013.

Meanwhile, the S&P BSE Sensex was down 118.61 points or 0.57% at 20,704.16.

On BSE, 44,000 shares were traded in the counter as against average daily volume of 9,288 shares in the past one quarter.

The stock was volatile. The stock lost as much as 9% at the day's low of Rs 83 so far during the day. The stock lost 0.43% at the day's high of Rs 90.80 so far during the day. The stock had hit a 52-week low of Rs 70.75 on 2 August 2013. The stock had hit a 52-week high of Rs 154.40 on 8 January 2013.

The stock had outperformed the market over the past one month till 7 November 2013, surging 16.55% compared with the Sensex's 4.66% rise. The scrip had also outperformed the market in past one quarter, advancing 16.48% as against Sensex's 11.56% rise.

The small-cap company has equity capital of Rs 13.21 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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