HSIL share price up by 10 per cent as Board to consider share buyback on September 21
During Thursday’s trading session, even as Sensex and Nifty were negative, the stock of HSIL was at 52-week high.
HSIL offers sanitaryware, faucets and glass bottles. The company's segments include building products division and packaging products division. The stock jumped more than 10 per cent and made 52-week high of Rs 74.80 on BSE. Today's intra-day high of Rs 74.8, was the stock's fresh 52-week high, which surpassed its previous high of Rs 71.35 hit on September 16, 2020.
On a YTD basis, the stock has gained by 47.63 per cent. According to BSE data, the stock traded at a P/E multiple of 31.06 and a price-to-book ratio of 0.41.
The stock is rising because of HSIL said that a meeting of the board of directors of the company will be held on 21 September 2020, to consider, the proposal of buyback of the fully paid-up equity shares of the company.
At 12.15 pm, the stock was trading 5.82 per cent higher at Rs 71.80 on the BSE.