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Hindusthan National Glass shines ahead of stock-split record date

Post Time:Nov 06,2009Classify:Company NewsView:351

Hindusthan National Glass & Industries spurted 5.22% to Rs 713.50 at 15:02 IST on BSE, after the company fixed 13 November 2009 as the record date for a 5-for-1 stock split.
 
The company announced the record date after market hours on Tuesday, 3 November 2009. The stock rose 1.95% to Rs 678.10 on Wednesday, 4 November 2009.

Meanwhile, the BSE Sensex was up 130.78 points, or 0.82%, to 16063.

On BSE, 4385 shares were traded in the counter as against an average daily volume of 3,289 shares in the past one quarter.

The stock hit a high of Rs 716 and a low of Rs 680 so far during the day. The stock had hit a 52-week high of Rs 770 on 30 October 2009 and a 52-week low of Rs 265 on 3 November 2008.

The stock had outperformed the market over the past one month till 4 November 2009, falling 2.12% as compared to the Sensex 7.13% fall. It outperformed the market in past one quarter, rising 6.24% as against 0.51% rise in the Sensex.

The small-cap glass product maker has an equity capital of Rs 17.47 crore. Face value per share is Rs 10.

The current price of Rs 713.50 discounts the company's Q2 September 2009 annualized EPS of Rs 92.27, by a PE multiple of 7.73.

Hindusthan National Glass & Industries' net profit surged 45.3% to Rs 40.30 crore on a -0.1% decline in sales to Rs 301.66 crore in Q2 September 2009 over Q2 September 2008. The company declared its results on 29 October 2009.

Hindustan National Glass & Industries manufactures glass bottles and vials.

Source: Hindusthan National GlassAuthor: shangyi

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