HLE Glascoat up 4.5%

HLE Glascoat is right there in the top three gainers; the stock price rose 4.5% to hit an intraday high at Rs.3600; it down 52% from its 52-week high of Rs.7549, hit in Oct’22. It is not traded much – 2-week average volume is less than 1700 shares though today morning trades alone saw a jump to 4413 shares.

The company is engaged in the manufacture of glass-lined equipment and a market leader in the production of drying and filtering equipment for the chemical and pharmaceutical sectors.

The company's board of directors fixed 19th Oct as record date for the stock split - from Face Value of Rs. 10 per share to Face Value of Rs. 2 per share.