HSIL ranks 149th out of 809 stocks tracked under our BTT tracking index. As 3rd quarter result is yet to come, we are analyzing using the 2nd quarter results. The stock recorded 34.71% increase in sales with an EPS growth of 37.09% and a profit margin of 7.69%. The stocks EPA rank is 82.46, PRS rank is 80.57 and it has recorded a volume growth of 453.69% against its average, which has moved the stock into the BMC group today.
HSIL belonging to the Ceramics/Granites industry group which has a B rating in our industry ranking gives it a position within 68-75% of the total industries, this means there are about 25% more industries that are doing better than this industry.
Mutual fund participation in the stock is steadily increasing for the past 2 months while there is no decrease. November month fund sponsorship was 176454 shares which have seen a marginal increase of 101484 shares in December, whereas December data is yet to arrive fully. Sellers are getting lesser is an indication of strength. MF rank is D+ which is not very favorable, but this can be there are the stock does come under high liquidity category.
Today’s close has given the stock a trending buy signal on the daily chart, which is a very rare occurrence and that too with a very strong base formation. Trade long at 136.75 with a stop of 119.90, this is a trend following call, will be in position till there is a reversal. The stock has a historical high of 245.85. If there is strength and it reaches past those levels the rewards will be multifold.
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