HIL rose 1.12% to Rs 3,075 after the company said it has commercialized production of Birla Aerocon Flat Board at its plant at Faridabad in Haryana from Wednesday, 10 March 2021.The company said that there is no additional capacity installed. The product is manufactured on the existing lines of production. The firm said that this augments its established presence in the building solutions segment. An expanded product range together with well-targeted distribution set-up and a solutions centric approach positions the company attractively as the customers step up their engagement with the business.
On the technical front, the stock's RSI (relative strength index) stood at 60.685. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.