HCC jumps up after long gap
By
Research Desk
about 9 years ago
HCC, after a long time is showing some upward movement, especially after being an underperformer for many months now. Today, the stock is up over 2.5% at Rs.18.30 with an intra day high of Rs.19.40. Volumes are huge at almost 19 lakh shares compared to two-week average of 4.5 lakh shares.
The company announced today morning during market hours that it has been awarded a contract worth Rs.1783 crore from National Highway Authority of India. This contract is for constructing a 36 kilometers (km) highway which includes 3 kms of tunnels between Ramban and Banihal in Jammu & Kashmir. The project is a part of National Highways Development Project (NHDP) phase-II program of National Highway Authority of India (NHAI) on NH1A (now NH44).