Saturday, June 28, 2008

Hindusthan National Glass strong Q4 show

Hindusthan National Glass & Industries gained 4.65% to Rs 684.70 at 13:00 IST on BSE on reporting 620.3% surge in net profit to Rs 78.87 crore on 117.7% increase in net sales to Rs 305.20 crore in Q4 March 2008 over Q4 March 2007.

The stock rose 8.87% to Rs 654.25 yesterday, 26 June 2008 after the company announced the results post trading hours on Wednesday, 25 June 2007.

The stock hit a high of Rs 785.10 and a low of Rs 621 so far during the day. The stock had a 52-week high of Rs 1801.30 on 8 January 2008 and a 52-week low of Rs 435 on 27 June 2007.

The company has an equity capital of Rs 11.04 crore. Face value per share is Rs 10.

The current price of Rs 684.70 discounts its Q4 March 2008 annualised EPS of Rs 180.58, by a PE multiple of 3.79.

Hindusthan National Glass & Industries’ net profit rose 368.1% to Rs 160.34 crore on 96.8% increase in net sales to Rs 1021.30 crore in the year ended March 2008 over the year ended March 2007.

The company is engaged in manufacturing and marketing glass containers.

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