Haldyn Glass Ltd’s shares rose 9% after reporting a 38% increase in profit to Rs 9.14 crore for Q2 2023, compared to Rs 6.59 crore in the same period last year. Revenues were down 4.5% to Rs 72.92 crore. Sequentially, profits were 39% higher than the previous quarter. Shares rose to Rs 98.20 at 09.5…

Haldyn Glass shares surge 9 per cent on Q1 performance

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Stocks to watch today — June 8, 2023

Haldyn Glass Standalone September 2021 Net Sales At Rs 53.42 Crore, Up 11.98% Y-o-Y

Haldyn Glass consolidated net profit rises 48.65% in the September 2021 quarter

Haldyn Glass reports standalone net profit of Rs 2.74 crore in the June 2021 quarter

Haldyn Glass reports consolidated net profit of Rs 2.81 crore in the March 2021 quarter

Haldyn Heinz Fine Glass becomes subsidiary of Haldyn Glass.

Haldyn Heinz Fine Glass becomes subsidiary of Haldyn Glass; Stock climbs 2%

Short term ratings for bank facilities has been reaffirmed to CARE A2.

CARE reaffirms credit ratings on Haldyn Glass’ bank facilities; Stock gains 3%

Haldyn Glass consolidated net profit rises 270.25% in the December 2020 quarter

Haldyn Glass standalone net profit rises 81.91% in the December 2020 quarter

BRIEF-India’s Haldyn Glass Dec-Qtr Consol PAT Rises`

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company is engaged in the business of manufacturing glass bottles. It manufactures vials, which are used in pharmaceutical industry, and clear bottles, which are used in liquor manufacturing, cosmetics, and food & beverages industry.

Haldyn Glass Ltd