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Updated: 04/11/2009 | 12:00 AM IST
Hindusthan National Glass shines after setting record date for stock split
Capital Market
Wednesday, November 04, 2009 (New Delhi)
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Hindusthan National Glass & Industries rose 2.23% to Rs 679.95 at 10:09 IST on BSE, after the company fixed 13 November 2009 as the record date for a 5-for-1 stock split.

The company announced the record date after market hours on Tuesday, 3 November 2009.

Meanwhile, the BSE Sensex was up 185.87 points, or 1.21%, to 15,590.81.

On BSE, 177 shares were traded in the counter as against an average daily volume of 3,289 shares in the past one quarter.

The stock hit a high of Rs 689 and a low of Rs 672.10 so far during the day. The stock had hit a 52-week high of Rs 770 on 30 October 2009 and a 52-week low of Rs 265 on 3 November 2008.

The mid-cap stock had outperformed the market over the past one month till 3 November 2009, falling 3.99% as compared to the Sensex's 10.09% fall. It had also outperformed the market in the past one quarter, rising 8.03% as compared to the Sensex's return of 3.26%.

The company's equity capital is Rs 17.47 crore. Face value per share is Rs 10.

The current price of Rs 679.95 discounts the company's Q2 September 2009 annualized EPS of Rs 92.27, by a PE multiple of 7.37.

Hindusthan National Glass & Industries' net profit surged 45.3% to Rs 40.30 crore on 3.7% rise in total income to Rs 318.02 crore in Q2 September 2009 over Q2 September 2008. The company declared its results on 29 October 2009.

The company is engaged in manufacturing glass containers.

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