HIL gains on getting nod for capex proposal of Rs 34 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
HIL is currently trading at Rs. 2430.25, up by 21.60 points or 0.90% from its previous closing of Rs. 2408.65 on the BSE.
The scrip opened at Rs. 2404.95 and has touched a high and low of Rs. 2408.00 and Rs. 2378.05 respectively.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4382.45 on 09-Feb-2022 and a 52 week low of Rs. 2321.00 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 2695.00 and Rs. 2321.00 respectively. The current market cap of the company is Rs. 1815.00 crore.
The promoters holding in the company stood at 40.60%, while Institutions and Non-Institutions held 10.00% and 49.39% respectively.
HIL’s board has approved an estimated capex proposal of Rs 34 crore to enhance the production capacity of AAC Blocks at Chennai plant to meet the growing customer demands. The Board of Directors of the company at its meeting held on January 27, 2023 has approved the same.
The company offers comprehensive building solutions. The company has achieved market leadership by developing and marketing advanced, high quality, innovative, more sustainable products for the building materials industry. The company operations are broadly classified into roofing solutions, building solutions, polymer solutions and others.
