HCC rallies 5.5% after order win

India Infoline News Service | Mumbai | October 14, 2016 16:09 IST

The company bagged orders worth Rs 367.72 crore in a joint venture with VCCL Ltd. to construct a 9.5 kilometre long safety tunnel between Tupul and Imphal in Manipur.

Hindustan Construction Company Ltd ended at Rs 35.65, up by Rs 1.85 or 5.47% from its previous closing of Rs 33.8 on the BSE. The company bagged orders worth Rs 367.72 crore in a joint venture with VCCL Ltd. to construct a 9.5 kilometre long safety tunnel between Tupul and Imphal in Manipur.

The contract was awarded by Northeast Frontier Railway. The project is a part of the new railway line being constructed between Jiribam and Imphal. The project is slated to be completed in four years.

The scrip opened at Rs 33.9 and touched a high and low of Rs 35.9 and Rs 33.8 respectively. A total of 13889705(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2633.56 crore.

The BSE group 'A' stock of face value Rs 1 touched a 52 week high of Rs 41.9 on 14-Sep-2016 and a 52 week low of Rs 16.6 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 36.15 and Rs 33.35 respectively.

The promoters holding in the company stood at 36.07 % while Institutions and Non-Institutions held 24.93 % and 39 % respectively.

The stock traded above its 50 DMA.

***Note: This is a NSE Chart

 

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