HM zooms up on restructuring report
DALAL STREET SPIKES
| The stock closed at Rs 17.90, after hitting a day's high of Rs 19.55. The counter witnessed huge volumes of more than 55.5 lakh shares on the BSE alone. |
| Sources said that the counter has been witnessing renewed interest of late as the market was expecting restructuring on their business. Form a low of Rs 14 on November 12, the stock has now appreciated more than 49.5 per cent to Thursday's close of Rs 17.90. |
| There are also rumours doing rounds that the company is in advanced stages of selling its property to a leading corporate house in Kolkata. |
| According to reports, Temasek, Actis and Chrysallis Capital are said to be in talks with HM to pick up stake of over 26 per cent in the new company. |