HCC trades jubilantly on starting work on Lavasa project

21 Jun 2013

Hindustan Construction Company (HCC) is currently trading at Rs. 12.22, up by 1.79 points or 17.16% from its previous closing of Rs. 10.43 on the BSE.

The scrip opened at Rs. 10.40 and has touched a high and low of Rs. 12.51 and Rs. 10.10 respectively. So far 713002 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 22.15 on 06-Jul-2012 and a 52 week low of Rs. 10.10 on 21-Jun-2013.

Last one week high and low of the scrip stood at Rs. 11.47 and Rs. 10.40 respectively. The current market cap of the company is Rs. 636.94 crore.

The promoters holding in the company stood at 39.86% while Institutions and Non-Institutions held 22.61% and 37.51% respectively.

Leading infrastructure and construction major, Hindustan Construction Company’s (HCC) Lavasa project is finally back on track. Lavasa is a 12,500 acres hill city near Pune being developed by HCC's subsidiary Lavasa Corporation.

HCC's ambitious hill city project Lavasa ran into trouble after the Ministry of Environment and Forests stalled construction at the site for violation of environmental laws. After a long battle between the company and the environment ministry, the latter gave a conditional clearance to the $31 billion project in late 2011.

HCC is a leader in engineering and construction space. The company has established a vast presence and gained recognition in the sectors of Hydro Power, Water Solutions, Transportation and Nuclear Power.

Related Hindustan Construction Company Ltd. Links:

HCC Share Price

7.97 0.00 (0.00%) Nov 13, 18:51
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1392.95
NCC 56.10
KEC International 277.70
Rail Vikas Nigam 23.80
Sterling and Wilson 520.30
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Sensex vs HCC
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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