Himatsingka Seide

HSL's operating margin will stabilize at 18-22 per cent this fiscal year, compared to 12.8 per cent in fiscal 2023, aided by better capacity utilisation and easing of cotton prices, said CRISIL

The improved operating performance in Q1FY24 was on the back of improved capacity utilisation levels, softening raw material prices and marginal easing of energy costs.

The management said the company continues to witness strong demand for soft home products and the order books for financial year 2021-22 (FY2022) remains robust

According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term

Firm seeks to to strengthen distribution network in the continent

The stock surged 10% to Rs 313 on the NSE after nearly 1% of total equity of the company changed hands via block deals.

The stock was up 3% at Rs 268 after the company reported 69% YoY jump in its consolidated net profit at Rs 45 crore for Q1FY17.

Ambuja Cements, BPCL, Exide Industries, India Cements, Shree Cement and Hatsun Agro were from BSE500 index hit their respective 52-week highs.