HSIL soars on commencing commercial production of first phase at Telangana plant

23 Jan 2018

HSIL is currently trading at Rs. 498.55, up by 10.85 points or 2.22% from its previous closing of Rs. 487.70 on the BSE.

The scrip opened at Rs. 496.05 and has touched a high and low of Rs. 509.80 and Rs. 495.00 respectively. So far 6470 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 564.35 on 24-Nov-2017 and a 52 week low of Rs. 277.20 on 15-Feb-2017.

Last one week high and low of the scrip stood at Rs. 509.80 and Rs. 457.00 respectively. The current market cap of the company is Rs. 3600.72 crore.

The promoters holding in the company stood at 48.43%, while institutions and non-institutions held 32.32% and 19.25% respectively.

HSIL has commenced the commercial production of first phase of small size caps and closures plant situated at Packaging Products Division, AGI clozures, Survey No.208 to 218, Sitarampur Village, Isnapur, Patancheru Mandal, Sangareddy District, Telangana with effect from January 22, 2018.

The company is present in built-in kitchen appliances and claims to be the number three brand in the country in the category, and has launched water heaters, air coolers, water purifiers and air purifiers.

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