Haldyn Glass up on growth prospects

Date: 27 July 2005
Source: Sify.com

Date: 27 July 2005

Several market players are buying Haldyn Glass, a company making glass bottles for cosmetic and beer industry, due to strong growth expected in the current financial year.Dealers said the company has turned around in the last financial year.

It's earning per share (EPS) rose from Rs 0.56 for March 2004 fiscal to Rs 7.2 for March 2005. This was due to the turnaround in the glass industry. Moreover, there was shortage of glass bottles, which resulted in good realisation.

The talk is that the situation for the industry has not changed much and is likely to continue throughout the year. This in turn would result in much better fiscal for the company, dealers said.

On Friday, the stock rose 6.88 per cent at Rs 80.05 on the BSE with volumes of 1.47 lakh shares.

600450 Haldyn Glass up on growth prospects glassonweb.com

See more news about:

Others also read

MORE...

Emirates Glass wins major supply contract for Palm Jumeirah
Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Rexam, buyout firms to bid for Calmar-sources
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
ISRA Receives Major Display Glass Inspection Order
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
Company to close lime plant in Carey next month
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
China glass import a cheaper option for Amritsar firm
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
Asahi Glass, Oracle, TDK, Seven & I: Japanese Equity Movers
The following stocks are moving in Japanese markets today. Prices are as of 12:55 p.m. at the Tokyo Stock Exchange. Stock symbols are in parentheses after company names.

Add new comment