Hot Pursuit     30-Apr-10
Hindusthan National Glass shines after entering into JV with Belgium firm
Hindusthan National Glass & Industries rose 1.86% to Rs 230.10 at 13:20 IST on BSE after the company entered into a joint venture with Belgium's OMCO International NV for making glass packaging products in India.

The announcement was made after market hours on Thursday, 29 April 2010.

Meanwhile, the BSE Sensex was up 77.33 points, or 0.44%, to 17,580.80.

On BSE, 4,789 shares were traded in the counter as against an average daily volume of 33,798 shares in the past one quarter.

The stock hit a high of Rs 232 and a low of Rs 227.05 so far during the day. The stock had hit a 52-week high of Rs 275 on 8 March 2010 and a 52-week low of Rs 90 on 13 July 2009.

The stock had underperformed the market over the past one month till 29 April 2010, falling 6.15% compared with the Sensex's 1.17% decline. It underperformed the market in past one quarter, declining 2.80% as against 7% rise in the Sensex.

The mid-cap glass bottles and vials maker has an equity capital of Rs 17.47 crore. Face value per share is Rs 2.

Hindusthan National Glass & Industries' net profit rose 6.5% to Rs 33.06 crore on 0.3% increase in net sales to Rs 351.06 crore in Q3 December 2009 over Q3 December 2008.

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