Technical view by Nooresh

HSIL Limited – Interesting Midcap Stock

This is an interesting company which has been in a downtrend for a variety of fundamental reasons and seems attractive. Hindware is the brandname which many of us know.


A quick look




Market Cap: Rs. 531.44 Crores

Current Price: Rs. 80.40

Book Value: Rs. 165.67

Stock P/E: 6.12

Dividend Yield: 3.73%

Stock is Rs. 2.00 paid up

Listed on BSE & NSE

Company website

52 Week High/Low: Rs. 154.40 / Rs. 70.75

Quick Ratios Lookup:

Debt to equity: 0.83

Debt: Rs. 903.78Cr.

Debtor days: 66.77

Enterprise Value: Rs. 1361.42


It will take some time to look into the fundamental story but technically its forming a nice consolidation channel which has a breakout above 86.




A technical trade comes into picture only in momentum above 86 ( channel breakout ) or with stops of 75.

Watchout for an increase in volumes.


Any reader tracking it fundamentally can post the comments or mail me on


Thanks and Regards,

Nooresh Merani

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Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 1 comment… add one }
  • Venkatesh October 30, 2013, 20:22

    Sir i have been observing some of the sanitary stocks in the sector are climbing new high as mentioned by safiranand. I think this is the only stock that is at the bottoms.


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