Hindustan Construction Company rose 2.24% to Rs 13.22 at 14:32 IST on BSE after the company bagged orders worth Rs 725 crore in various business segments.
The announcement was made during market hours today, 10 February 2014.
Meanwhile, the BSE Sensex was up 15.24 points, or 0.07%, to 20,391.80
On BSE, so far 5.61 lakh shares were traded in the counter, compared with an average volume of 5.88 lakh shares in the past one quarter.
The stock hit a high of Rs 13.74 and a low of Rs 12.82 so far during the day. The stock hit a 52-week high of Rs 17.80 on 7 February 2013. The stock hit a 52-week low of Rs 7.75 on 2 August 2013.
The stock had underperformed the market over the past one month till 7 February 2014, falling 14.65% compared with the Sensex's 1.53% fall. The scrip had also underperformed the market in past one quarter, declining 6.3% as against Sensex's 2.14% fall.
The small-cap company has an equity capital of Rs 60.66 crore. Face value per share is Re 1.
Hindustan Construction Company (HCC) during market hours today, 10 February 2014 said that the company has bagged orders worth Rs 725 crore in various business segments.
HCC said that the first order is for construction of 2.9 km long four lane bridge between Daudnagar and Naeriganj including approach roads over river Sone in the district of Aurangabad and Rohtas in the state of Bihar. The contract is awarded by Bihar Rajya Pul Nirman Nigam and is worth Rs 433 crore.
HCC said that the company secured orders aggregating Rs 293 crore from water, nuclear and industrial sectors which included construction of Bhama Askhed Water Supply Scheme, Package-IV for Pune Municipal Corporation, construction of buildings for Fast Reactor Fuel Cycle facility [FRFCF] at Kalpakkam being built for Indira Gandhi Centre for Atomic Research, structural steel fabrication works for a leading petrochemical company in India and civil works for a captive power plant for a leading aluminium manufacturer in the country.
On winning contracts in different segments, Arun Karambeklar, President and Whole Time Director, HCC, said We have received well diversified orders in terms of geographic and business spread. These orders reflect HCC's capability to cater to varied segments in an extremely competitive environment and reinforce our expertise in providing reliable solutions to the business segments we are operating".
HCC reported a net profit of Rs 5.39 crore in Q3 December 2013 compared with a net loss of Rs 38.51 crore in Q3 December 2012. HCC's total income fell 15.5% to Rs 880.05 crore in Q3 December 2013 over Q3 December 2012.
HCC serves the infrastructure sectors of Transportation, Power and Water. HCC is also developing Lavasa City, a planned hill city and one of India's largest urban development and management initiatives. The HCC Group comprises of HCC, HCC Infrastructure Company, HCC Real Estate, Lavasa Corporation and Steiner AG in Switzerland.
Powered by Capital Market - Live News
