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Hindustan Motors corrects on profit booking

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Capital Market

Hindustan Motors fell 8.32% to Rs 12.92 at 14:29 IST on BSE on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was up 292.69 points, or 0.85% to 34,885.08.

On the BSE, 13.63 lakh shares were traded in the counter so far, compared with average daily volumes of 14.08 lakh shares in the past two weeks. The stock had hit a high of Rs 14.50 and a low of Rs 12.70 so far during the day. The stock hit a 52-week high of Rs 14.85 on 12 January 2018. The stock hit a 52-week low of Rs 6.97 on 11 August 2017.

 

Shares of Hindustan Motors surged 51.29% in five trading sessions to settle at Rs 14.07 on Friday, 12 January 2018, from its close of Rs 9.30 on 5 January 2018.

Hindustan Motors reported net loss of Rs 4.59 crore in Q2 September 2017 as against net loss of Rs 5.02 crore in Q2 September 2016. No sales were reported in Q2 September 2017 as against net sales of Rs 0.01 crore in Q2 September 2016.

Hindustan Motors is an automobile manufacturer.

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First Published: Jan 15 2018 | 2:25 PM IST

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