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Hitachi Home strengthens on reporting over three fold jump in Q1 net profit

22 Jul 2014 Evaluate

Hitachi Home & Life Solutions (India) is currently trading at Rs 376.65, up by 12.50 points or 3.43% from its previous closing of Rs 364.15 on the BSE.

The scrip opened at Rs. 407.30 and has touched a high and low of Rs. 414.00 and Rs. 368.60 respectively. So far 254505 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.90 on 21-Jul-2014 and a 52 week low of Rs. 99.35 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 374.90 and Rs. 274.00 respectively. The current market cap of the company is Rs. 1019.79 crore.

The promoters holding in the company stood at 74.25% while Institutions and Non-Institutions held 2.76% and 22.99% respectively.

Hitachi Home & Life Solutions (India) has reported results for first quarter ended June 30, 2014.

The company has posted over three fold jump in its net profit to Rs 43.02 crore as compared to Rs 14.23 crore for the quarter ended June 30, 2013. Its total income from operations has increased by 27.13% to Rs 600.31 crore for the quarter under review from Rs 472.20 crore for the corresponding quarter of the previous year.

Hitachi Home and Life Solutions (India), popularly known as Hitachi, is engaged in manufacturing a range of electronic home solutions.

 

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