Thursday, 30 March 2017


Stocks of Hitech Plast are surging over 5% as the company has commenced its operations in its Rohtak unit. The manufacturing operations of the Rohtak plant had been disrupted due to the agitation in Haryana.

The Rohtak plant has started its operations from March 28, 2017. The stock has underperformed BSE Small-cap index on a yearly basis. The stock opened at Rs 159.85 per share, touched an intraday high of Rs 167 per share; and a low of 159.85 per share.

Hitech Plast Limited is engaged in manufacturing of packaging products of plastics. The Company operates through Plastic Containers segment. The Company is also a manufacturer of paint pails/containers. Hitech Plast Ltd is currently trading at Rs 164, up by Rs 8 or 5.13% from its previous closing of Rs 156 on the BSE.

So far 34915(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 267.94 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 223.45 on 21-Oct-2016 and a 52 week low of Rs 140.8 on 21-Nov-2016. Last one week high and low of the scrip stood at Rs 160.5 and Rs 155.7 respectively. The promoters holding in the company stood at 74.43 % while Institutions and Non-Institutions held 0.08 % and 25.49 % respectively. The stock is currently trading above its 200 DMA.

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