HSIL hits 52-week high after twin bulk deals

HSIL galloped 8.89% to Rs 120 at 15:03 IST on BSE after 4.96% equity changed hands in two bulk deals on BSE today, 13 March 2014.

A bulk deal of 9 lakh shares was executed on the HSIL counter at Rs 111 per share at 13:16 IST on BSE today, 13 March 2014. Another bulk deal of 23.77 lakh shares was executed on the counter at Rs 115 per share at 13:16 IST on BSE today, 13 March 2014.

Meanwhile, the S&P BSE Sensex was down 59.87 points or 0.27% at 21,796.35

Bulk deals boosted volume on the HSIL scrip. On BSE, so far 36.91 lakh shares were traded in the counter as against average daily volume of 16,016 shares in the past one quarter.

The stock hit a 52-week high of Rs 128 in intraday trade today, 13 March 2014. The stock hit a low of Rs 108 so far during the day. The stock had hit a 52-week low of Rs 70.75 on 2 August 2013.

The stock had outperformed the market over the past one month till 12 January 2014, rising 12.22% compared with the Sensex's 6.88% rise. The scrip also outperformed the market in past one quarter, gaining 11.03% as against Sensex's 4.45% rise.

The small-cap company has equity capital of Rs 13.21 crore. Face value per share is Rs 2.

HSIL's net profit declined 3.8% to Rs 11.79 crore on 7.3% fall in total income to Rs 367.10 crore in Q3 December 2013 over Q3 December 2012.

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

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