Hawkins Cookers has rallied 8% to Rs 1,970, in otherwise weak market on BSE, after reporting nearly 75 bps improvement in operating margins at 11.94% for the first quarter ended June 30, 2013 (Q1) on year-on-year (yoy) basis, due to decline in total expenditure. The company had operating margins at 11.2% during the same quarter last fiscal.
Meanwhile, the houseware maker has reported 7% yoy decline in its net profit at Rs 4.89 crore for Q1 FY2014. The company's total income for the quarter also decline by 9% at Rs 75.31 crore on yoy basis.
The stock opened at Rs 1,870 and hit a high of Rs 2,010 on BSE. Around 5,000 shares have changed hands on the counter so far against an average 2,600 shares that were traded daily in past two weeks on BSE.
Meanwhile, the houseware maker has reported 7% yoy decline in its net profit at Rs 4.89 crore for Q1 FY2014. The company's total income for the quarter also decline by 9% at Rs 75.31 crore on yoy basis.
The stock opened at Rs 1,870 and hit a high of Rs 2,010 on BSE. Around 5,000 shares have changed hands on the counter so far against an average 2,600 shares that were traded daily in past two weeks on BSE.
