Now at Rs 4.
This is share which was on my radar mainly due to high dividend yield.
Actually if one buy at Rs 4 , the dividend this year can exceed 10%.
But the way their business is performing is not satisfactory. Revenue dropping and profits too. If they pass the costs to customers ( to gain better profit) , they maybe loose some customers. Also if Govnment at some point lifts any importation embargoes on Glass containers GLAS can be in danger.
One thing glas can do is increase higher earning exports. This might be good solution if they can achieve.
Right now for shorter term trading GLAS is getting hotter. Long term now I have some reservations as above. Let see in 2 quarters.