Hindustan Machine Tools (HMT) is currently trading at Rs. 37.95, up by 0.30 points or 0.80% from its previous closing of Rs. 37.65 on the BSE.
The scrip opened at Rs. 37.30 and has touched a high and low of Rs. 38.65 and Rs. 36.95 respectively. So far 1,96,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.15 on 24-Jan-2011 and a 52 week low of Rs. 26.85 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 38.65 and Rs. 29.65 respectively. The current market cap of the company is Rs. 2,876.00 crore.
The promoters holding in the company stood at 98.88% while Institutions and Non-Institutions held 0.04% and 1.08% respectively.
HMT has inaugurated the second counter in Karnataka at the Mysore Head Post office where all the models of the watches are offered for sale. The company which was once a leading watch maker in the country until private players entered the market is taking this step in order to regain its supremacy.
HMT's marketing tie-ups with post offices is a new initiative in brand building and regaining the market share. They have received an approval from the Postal Department for opening such counters in different parts of the country.
HMT manufactures engineering goods like machine tools, watches, tractors, printing machines, die casting and plastic processing machinery, metal forming presses and bearings. It manufactures Mechanical and Quartz Analog watches. The manufacture of wristwatches started as part of diversification strategy of HMT in the year 1962, under Technical collaboration with CITIZEN Watch Company of Japan with a manufacturing unit at Bangalore.
| Company Name | CMP |
|---|---|
| BHEL | 234.40 |
| Bharat Electronics | 280.80 |
| Thermax | 4480.00 |
| Kirloskar Oil Eng | 1069.65 |
| GMM Pfaudler | 1204.95 |
| View more.. | |
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