Share price of this micro-cap stock moved up by nearly 6.75 percent on BSE to Rs. 156.35 in the trading session of Friday, compared to its previous closing price of Rs. 146.45, after
With a market capitalisation of Rs. 817.03 crores, the shares of Haldyn Glass Limited closed in the green at Rs. 152, up by 3.8 percent.
The company has delivered about 132.06 percent of multibagger returns in the last one year and nearly 24.7 percent of returns in the last six months. So far in 2024, it has given positive returns of around 10.34 percent.
According to recent regulatory filings with the BSE, Haldyn Glass Limited has completed the modification work at one of its furnaces at its plant located at Gavasad Village, Vadodara and plans to begin production ahead of schedule from April 06, 2024.
On March 12 this year, the company stopped production at the aforementioned furnace for a period of about 30 days from March 14, 2024, to undertake the required modification.
The company have also informed through filings dated March 12, 2024, that the production stoppage may have an impact on the company’s revenues and profitability during the current quarter.
In terms of financials, the company’s revenue from operations grew by 105.08 percent from Rs. 46.43 crore in Q2 FY23-24 to Rs. 95.22 crore in Q3 FY23-24.
The net profit of the company also increased by 99.65 percent to Rs. 5.77 crore in Q3 FY23-24 from Rs. 2.9 crore in Q2 FY23-24.
Incorporated in 1991, Haldyn Glass Limited, previously known as Haldyn Glass Gujarat Limited, is engaged in the business of manufacturing Soda Lime Flint & Amber Glass containers.
Written by Shivani Singh
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