HSIL

The stock price of Hemant Surgical Industries (HSIL) nearly doubled or zoomed 99.5 per cent to Rs 179.55, against its issue price of Rs 90 per share on the BSE on Monday

Over the last one year, the stock has given returns of around 98 per cent, rising from Rs 298.6 apiece. The stock's 5 year-run has also been stellar with an increase of over 5 times (up 436 per cent)

The company had logged a net profit of Rs 35.92 crore in October-December period a year ago, HSIL said in a BSE filing

Share of HSIL hit a new high of Rs 350.20, zooming 50 per cent in four days on the BSE after the company announced divesting its building products division for Rs 630 crore.

The cash proceeds of Rs 630 crore will be utilized towards the pre-payment of existing bank borrowings, which will further strengthen the HSIL balance sheet.

The board on Monday approved buyback of shares at Rs 105 per share for an aggregate amount of Rs 70 crore via open market.

The stock rallied 9% to Rs 78 in the intra-day trade after its board approved buyback of shares at Rs 105 per share via open market

Today's intra-day high of Rs 74.8 apiece was the stock's fresh 52-week high, which surpassed its previous high of Rs 71.35 hit on September 16, 2020

After enjoying top position in premium sanitaryware, the Hindustan Sanitaryware and Industry (HSIL) now wants its consumer products vertical to lead its business, after having enjoyed top position in premium sanitaryware.The said vertical covers air coolers, air purifiers, water purifiers, built-in ovens, sinks, water heaters and air vents, among others. The company has earmarked Rs 300 crore as investment in consumer products in 2017-18, on manufacturing, product development and network expansion. This, it states, is due to limited growth opportunities in premium sanitaryware. HSIL says the overall annual growth rate in the sanitaryware industry is 10-12 per cent. However, consumer products enjoy growth of 30-35 per cent annually, due to high penetration of new technology, mainly in urban areas."Just after our foray into the consumer segment, we have witnessed tremendous response for our products. Our (annual) turnover of the segment has increased from Rs 20 crore to about Rs 150 ...