HMT Moves up on Plans to Attain Rs 350 Crore Turnover in 2011-12 Fiscal

Resource from: HMT Likes:3136

Jan 14,2011

(January 13, 2011) HMT is currently trading at Rs. 65.05, up by 0.80 points or 1.25 % from its previous closing of Rs. 64.25 on the BSE. The scrip opened at Rs. 64.80 and has touched a high and low of Rs. 66.30 and Rs. 64.20 respectively. So far 53,579 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 106.40 on 19-Jan-2010 and a 52 week low of Rs. 58.90 on 29-Nov-2010. Last one week high and low of the scrip stood at Rs. 70.25 and Rs. 62.55 respectively. The current market cap of the company is Rs. 4946.08 crore. The promoters holding in the company stood at 98.88% while Institutions and Non-Institutions held 0.08% and 1.04% respectively. Public Sector Hindustan Machine Tools (HMT) is aiming a turnover between Rs 325 crore and Rs 350 crore in 2011-12 fiscal. The company's current turnover was only about Rs 200 crore. The country's machine tools market was worth Rs 8000 crore of which only Rs 1500 crore was Indian contribution and the remaining demand was met by imports from Germany, China , Spain and East Europe. HMT manufactures engineering goods like machine tools, watches, tractors, printing machines, die casting and plastic processing machinery, metal forming presses and bearings.

(HMT)

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