HIL (formerly Hyderabad Industries), a CK Birla group company has been hitting new highs and breaching the upper circuit consistently, ever since it declared its Q1FY15 numbers. India's largest manufacturer of fibre cement roofing sheets, the stock today, the moment it opened for trading, hit a new high and the 5% upper circuit at Rs.541.70.

For the current Q1, the company posted a whopping 174% (YoY) jump in its net profit at Rs.31 crore and revenues were up 33% at Rs.360 crore. Other income of Rs.4 crore helped but this was more than nullified as the company had an exceptional expense of Rs.1.6 crore and tax outgo burgeoned to Rs.16 crore from Rs.6 crore in previous Q1 and Rs.2 crore in Q4.

On an equity of Rs.7.49 crore, EPS for current Q1 stands at Rs.41.97 (Rs.10 face value) and reserves is at Rs.376 crore. Promoters stake is 40.99%, with a miniscule 0.02% FII holding; for a change DIIs hold more at 4.85%.