The stock price of Hindustan Construction Company (HCC) fell up to 4.81 per cent to Rs 46.62 per share on the BSE in Tuesday's intraday deals
For the June quarter (Q1FY24), HCC had reported a consolidated profit of Rs 52.70 crore, as compared to a loss of Rs 280.70 crore in a year ago quarter.
Co to hive off part of debt, receivables to a SPV; to hold 49% stake in SPV
Delta Corp will be in focus ahead of its Q3 earnings, the stock is also in F&O ban. HCC may come under pressure owing to debt default.
HCC owns 68.72 per cent in Lavasa through its wholly-owned subsidiary HCC Real Estate Limited (HREL) and Hincon Finance Ltd (HFL)