HIL soars on commencing commercial production of new product at Andhra Pradesh

22 Dec 2017

HIL is currently trading at Rs. 1345.30, up by 30.90 points or 2.35% from its previous closing of Rs. 1314.40 on the BSE.

The scrip opened at Rs. 1323.00 and has touched a high and low of Rs. 1351.00 and Rs. 1321.10 respectively. So far 817 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1425.00 on 26-Oct-2017 and a 52 week low of Rs. 582.00 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1351.00 and Rs. 1238.60 respectively. The current market cap of the company is Rs. 1006.70 crore.

The promoters holding in the company stood at 40.99%, while Institutions and Non-Institutions held 7.55% and 51.45% respectively.

HIL has commenced the commercial production of its new product ‘Charminar Fortune’ at its plant located at Kondapalli, Andhra Pradesh. This advanced research-based, green roofing solution has been developed by HIL in-house.

Charminar Fortune is a new addition to the company’s Roofing products which is Asbestos free and marketed under the brand ‘Charminar’, one of the most trusted name for building products in the Country for its roofing sheets.

HIL is a leading player in asbestos cement sheet (ACS) for roofing, from which it derives 70 per cent of its revenue at present.

HIL Share Price

3583.95 -4.80 (-0.13%) May 12, 18:01
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