HSIL may touch Rs 330: Dalijeet Singh Kohli

Dalijeet Singh Kohli of India Nivesh Securities told CNBC-TV18, “We still believe that there is lot of scope in HSIL . This is a consumption story, the basic problem with their company was the 50 percent business in glass container which was not yielding, it was actually a drag, it was a loss making unit till last quarter but they have changed the input and fuel mainly which has resulted in a breakeven for that.”

“We are not building in any great things from that division even for next two years but if that loss making part or drag is out, at least good businesses will start delivering. So that is giving us confidence. We have a target of Rs 330 but it can be revised,” he added.

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