After strong Q1 results Hindustan Composites rallies at 15 %

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The organization reported its net benefit expanded by 95.6% to Rs.12.4 crore in the quarter finished June 2016 as against Rs.6.34 crore amid the past quarter finished June 2015. 

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Hindustan Composites Ltd finished at Rs. 1520, up by Rs. 193.95 or 14.63% from its past shutting of Rs. 1326.05 on the BSE after the organization reported its net benefit expanded by 95.6% to Rs.12.4 crore in the quarter finished June 2016 as against Rs.6.34 crore amid the past quarter finished June 2015. 

The scrip opened at Rs. 1399 and touched a high and low of Rs. 1591.25 and Rs. 1399 separately. An aggregate of 61084(NSE+BSE) shares were exchanged on the counter. The present business sector top of the organization is Rs. 652.42 crore. 

The BSE bunch "B" supply of face quality Rs. 10 touched a 52 week high of Rs. 1480 on 23-Oct-2015 and a 52 week low of Rs. 750 on 08-Apr-2016. Most recent one week high and low of the scrip remained at Rs. 1384.15 and Rs. 1299 individually. 

The promoters holding in the organization remained at 74.98 % while Institutions and Non-Institutions held 0.02 % and 25.01 % individually. 

The stock exchanged over its 50 DMA.

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