HSIL gains on getting rating reaffirmation on its bank facilities by CARE

28 Feb 2014

HSIL is currently trading at Rs. 99.50, up by 1.60 points or 1.63 % from its previous closing of Rs. 97.90 on the BSE.

The scrip opened at Rs. 99.10 and has touched a high and low of Rs. 102.35 and Rs. 98.90 respectively. So far 6405 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 113.95 on 05-Dec-2013 and a 52 week low of Rs. 70.75 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 104.20 and Rs. 97.55 respectively. The current market cap of the company is Rs. 666.08 crore.

The promoters holding in the company stood at 51.57 % while Institutions and Non-Institutions held 29.01 % and 19.42 % respectively.Credit rating agency, CARE has reaffirmed ‘A+’ rating to HSIL’s long term bank facilities worth Rs 1096.22 crore, which was enhanced from Rs 1044.75 crore and ‘A1+’ rating to company’s Short term Bank Facilities worth Rs 185 crore, which was reduced from Rs 215 crore.

The company has received the ratings on the back of its experience of the promoters, established track record with a strong market position in building products and glass container segment, wide product portfolio and comfortable financial profile.

HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.

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SEBI Registered: Investment Adviser - INA000013323