C&C Constructions surges on entering into negotiated settlement with SBI

19 Jun 2018

C&C Constructions is currently trading at Rs. 36.00, up by 1.70 points or 4.96% from its previous closing of Rs. 34.30 on the BSE.

The scrip opened at Rs. 35.00 and has touched a high and low of Rs. 36.00 and Rs. 35.00 respectively. So far 39843 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 109.00 on 22-Nov-2017 and a 52 week low of Rs. 33.15 on 06-Jun-2018.

Last one week high and low of the scrip stood at Rs. 39.30 and Rs. 34.10 respectively. The current market cap of the company is Rs. 91.60 crore.

The promoters holding in the company stood at 32.40%, while Institutions and Non-Institutions held 9.05% and 58.55% respectively.

C&C Constructions has entered into a negotiated Settlement with State bank of India (SBI), the lead lender in regard to financial assistance provided to the company by it.

C&C Constructions operates as an infrastructure development company in India. The company engages in the construction of highways and airports; laying of optic fiber cables; and maintenance of telecom networks.

Related C&C Constructions Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323