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Hindusthan National Glass and Industries soar 9 percent

By SiliconIndia | Tuesday, 23 February 2010, 02:51 Hrs

Hindusthan National Glass and Industries soar 9 percent

Bangalore: After having a successful trading throughout the day, Hindusthan National Glass and Industries ended the day amongst top gainers with a gain of

18.90 (9.11 percent). The company had opened its stock at

209.95, and managed to reach at

225.35 at the time of closing session. The stock has 52-week high value of

249 and low of

80. Overall 156,968 shares were traded throughout the day with current P/E ratio at 12.53. The 52 week stock price chart is on the left.

Hindusthan National Glass and Industries is an India-based container glass packaging solutions provider. The company is engaged in the business of manufacturing and selling of container glass. It manufactures container glass portfolio ranging from five millilitres to 3,200 millilitres and in various colors, such as amber, flint and green. As of March 31, 2009, the company operated 11 furnaces and 43 production lines with automatic individual section machines. Its pan-India manufacturing operations are spread over Rishra, Bahadurgarh, Rishikesh, Puducherry, Nashik and Neemrana. Its products are also available in more than 20 countries. The company's customers include Hindustan Unilever, GlaxoSmithKline, Nestle, Global Green, Heinz, Dabur, Pfizer, Cipla, Ranbaxy, Himalaya, SABMiller, Asia Pacific Breweries, United Spirits, Pernod Radico, Bacardi, Coca Cola and Pepsi. The company's subsidiaries include Glass Equipment (India) and Quality Minerals.

Fuelled by the growing demand for liquor and food and beverages, Hindusthan National Glass and Industries plans to set up a greenfield project in Andhra Pradesh.

Other manufacturing companies ended trading on mixed note with Empire Industries slipping 4.87 percent and Haldyn Glass Gujarat moving up five percent.

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