HMT jumps 9% as losses narrow in Q2

HMT has surged by nearly 9% to Rs 41 after the company net loss narrowed by  38.5% in the quarter ended September 2014 at Rs 24.68 crore compared to Rs 40.12 crore in the year-ago period.

However, total income for the quarter under review rose 63% to Rs 17.51 crore in the quarter from Rs 10.76 crore in the year-ago period.

The stock opened at Rs 37.85 and has hit a high of Rs 41.60 and around 4 lakh shares have changed hands on BSE.