HLE Glasscoat Limited is a small-cap company belonging to the industrial sector and has a market valuation of Rs. 4,707.52 crore. The company is a global leader in the manufacture of glass-lined equipment and a market leader in the production of drying and filtering equipment for the chemical and pharmaceutical sectors. The Board of Directors of the company has made public on the record date to ascertain the eligibility of the shareholders for the purpose of stock split.
Stock Partition Details of HLE Glasscoat
The company in a stock exchange filing today said that “with reference to the subject, you are informed that the members of the company at the 31st Annual General Meeting of the company held on 1st September, 2022 approved the sub-division (division) of 10 per share on the face value of Rs. 2 per share by passing the requisite resolution in this regard.”
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Shares of HLE Glasscoat Ltd closed today’s trading session on BSE 3,447.95 each, up 1.73% from previous close 3389.30. There were a total of 1,225 shares in trading today, lower than the 20-day average volume of 2,071 shares. share price increased 9.10 As on September 29, 2006, at the level it is now, resulting in a massive multibagger return of 37,789.56% and an estimated CAGR of 45.03% over the last 16 years. share price climbed 171.90 as on October 13, 2017, this is the amount during the last five years so far, resulting in a multibagger return of 1,905.79% and an estimated CAGR of 82.34%.
However, in the last 1 year, the stock has fallen 49.33% and on YTD basis, the stock has fallen 40.49% so far in 2022. On BSE, the stock had touched a 52-week high. 52-week low of 7,549.00 (18/10/2021) and At 3,005.00 (21/06/2022), it shows that the stock is trading 54.32% below the high and 14.74% above the low at the current market price.
As per the data available on BSE, renowned investor Ashish Kacholia held 1.40% or 1,91,602 shares in the firm during the quarter ended June 2022. For Q1FY23, the company reported promoter shareholding of 70.32%, FII of 4.73% (down 0.29% by QoQ), DII of 0.87% (up from 0.85% recorded in Q4FY22), and 24.09% (up 0.28% by QoQ) ) is a public share.
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