Shares of Hindustan Construction Company (HCC) surged 5.5 per cent today after the company in joint venture with VCCL won a Rs 367.72 crore order for construction of safety tunnel in Manipur. The scrip soared 5.47 per cent to settle at Rs 35.65 on BSE. Intra-day, it jumped 6.21 per cent to Rs 35.90. At NSE, shares of the company advanced by 5.32 per cent to end at Rs 35.60. On the volume front, 25.10 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day. "HCC in joint venture with VCCL has been awarded a Rs 367.72 crore contract by Northeast Frontier Railway to construct a safety tunnel between Tupul and Imphal in Manipur," HCC said in a BSE filing. This is the fifth order received by Northeast Frontier Railway on the new railway line being constructed between Jiribam and Imphal.
HCC shares jump 5.5% after Rs 368-cr order win
Press Trust of India |