 "Hindustan Construction Company gains after opening of QIP issue")
The company has set a floor price of Rs 30.98 per equity share. The company may offer a discount of not more than 5% on the floor price, HCC said in a regulatory filing.
HCC received shareholders approval on July 31, 2014 to raise Rs 750 crore through a QIP.
The stock opened at Rs 32.20 and touched high of Rs 36.35 on the NSE. The trading volumes on the counter more than doubled with a combined 18.96 million shares changed hands till 1142 hours on the NSE and BSE.
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