Page 4 - 1964_Value Plus SEP 2016

technical

pick

HSIL Ltd Buy HSIL Ltd manufactures and supplies sanitary ware,
CMP: `358 (As on 02nd Sep, 2016) bathroom fittings, and tiles in India. The company operates
Buy: `358 in two segments: building products and packaging products.
Target Price: `380-398-412 Its building products include sanitary ware products, such
Stop-Loss: `330 as wash basins, water closets, cisterns, bidets, urinals,
sinks, and products for specially abled and kids; faucets,
HSIL Ltd. including showers, healthy faucets, wash basins, kitchen
and bathroom faucets, and related add-ons and accessories;
vitrified and wall tiles; kitchen appliances comprising built
in microwave ovens, chimneys, built in hobs, cook tops,
built in ovens, food waste disposers, and cooking products;
extractor fans consisting of domestic fans, commercial
fans, air handling units, energy efficient products, and geo
thermal ventilation systems; and wellness products, such
as bath tubs. The company’s packaging products include
container glass products and PET bottles for use in the
beverage, pharmaceutical, beer, liquor, and food industries.
It markets and sells its products primarily through dealers
and retailers under the Hindware, Hindware Art, Hindware
Italian Collection, Benelave, Amore, EVOK, Vents, and
QUEO brand names.

Technical Outlook:

On the daily chart, we are observing that prices first faced
resistance at 370 levels and had minor retracement. At
present, we are witnessing that prices are rising with good
volumes. This suggests that prices may breach the upper
resistance of 370 and extend its gains further.

Hence we recommend one to buy this stock at Rs 358 with
a stop loss of Rs 330 for a target of Rs 380-398-412 levels.

4 ARIHANT CAPITAL ¡ SEPTEMBER 2016