Shares of Hindustan Construction Company (HCC) today surged by 7 per cent after the company reported strong results for the quarter ended March 31, 2014.
HCC's stock ended 7.09 per cent higher at Rs 20.40 on the BSE. In intra-day, the scrip surged 10.23 per cent cent to Rs 21 -- its 52-week high.
At the NSE, the stock zoomed 6.81 per cent to settle at Rs 20.40.
The construction major had reported a net loss of Rs 50.26 crore in the corresponding quarter of 2012-13.
Net sales of the company rose by 20.54 per cent to Rs 1,184.83 crore during the quarter as against Rs 982.92 crore of Q4FY'13, it said in a filing to the BSE.
For the full year ended March 31, 2014, HCC reported a standalone net profit of Rs 80.64 crore against a loss of Rs 137.64 crore in FY'13. Its standalone net sales rose by 7.20 per cent in the last fiscal to Rs 4,113.49 crore.
