Scripscan:Hindusthan National Glass & Industries Ltd
Code:515145
cmp:130
Story:Hindusthan National Glass & Industries Limited engages in the design, manufacture, and sale of glass containers in India. It offers glass bottles and tumblers. The company also manufactures and sells glass forming machines and spares, as well as provides related services. In addition, it engages in the purchase, processing, and sale of silica sand and feldspar. The company serves pharmaceutical, beverages, processed foods, cosmetics, and liquor industries. Hindusthan National Glass & Industries Limited was formerly known as Hindusthan National Glass Manufacturing Co. Ltd.This Kolkata-based company is the largest producer of industrial glass containers in the country. The company has seen rapid growth since last three years. Growing food-processing, pharmaceutical, liquor and cosmetic industries offer promising opportunities for the Rs 1300 crore company. The company has registered 36% CAGR in its earnings over last four fiscals with an average dividend payout ratio of 5% over the last three years.The company has been a big lagard in this rally so far.With investors looking for safer and better bets,Hindusthan National Glass may just find ample takers going forward.A decent bet at lower levels.
Wednesday, December 9, 2009
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