HCC shares zoom 7% on positive Q4 numbers
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.
By PTI |
MUMBAI: 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.
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.
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