HMT rose 2.14% to Rs 38.20 at 11:07 IST on BSE after the company reported net loss of Rs 24.68 crore in Q2 September 2014, lower than net loss of Rs 40.12 crore in Q2 September 2013.
The Q2 result was announced after market hours on Tuesday, 11 November 2014.
Meanwhile, the S&P BSE Sensex was up 164.39 points or 0.59% at 28,074.45.
On BSE, so far 25,173 shares were traded in the counter as against average daily volume of 1.06 lakh shares in the past one quarter.
The stock hit a high of Rs 38.85 and a low of Rs 37.55 so far during the day. The stock had hit a 52-week high of Rs 59.15 on 8 July 2014. The stock had hit a 52-week low of Rs 24.65 on 4 February 2014.
The stock had outperformed the market over the past one month till 11 November 2014, rising 29.86% compared with the Sensex's 6.13% rise. The scrip had, however, underperformed the market in past one quarter, falling 14.51% as against Sensex's 9.37% rise.
The mid-cap PSU firm has an equity capital of Rs 760.35 crore. Face value per share is Rs 10.
HMT's total income from operations (net) rose 62.73% to Rs 17.51 crore in Q2 September 2014 over Q2 September 2013.
Incorporated in 1953, by the Government of India as a Machine Tool manufacturing company, it later diversified into Watches, Tractors, Printing Machinery, Metal Forming Presses, Die Casting & Plastic Processing Machinery, CNC Systems & Bearings. Today, HMT comprises five subsidiaries under the ambit of a Holding Company, which also manages the Tractors Business directly.
The Government of India holds 90% stake in the firm as at 30 September 2014.
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