Himatsingka Seide on the rise
By
Research Desk
about 11 years ago
Himatsingka Seide in the mid cap segment is ding very well today. The stock is up 9% at Rs.35.15 and its 52-week high stands at Rs.45.90. Volumes are huge at over 80,000 shares, up over 10 times the two week average.
The stock is on the go after it posted a set of very good numbers for Q4FY13. Its consolidated net profit came in at Rs.22.45 crore, up 11 times on YoY and sequentially, it was up 72%. The company ended the year with a het profit at Rs.57.32 crore, up 73%. More than operational efficiency, the tax write back of of Rs.12 crore in what helped shore up the Q4 numbers. Fy13 was purely on better operations.