Meanwhile, the BSE Sensex was down 76.94 points, or 0.45%, to 16,895.57.
On BSE, 10.59 lakh shares were traded in the counter as against an average daily volume of 6.46 lakh shares in the past one quarter.
The stock hit a high of Rs 20.50 and a low of Rs 19.70 so far during the day. The stock had hit a 52-week high of Rs 35.30 on 20 July 2011. The stock had hit a 52-week low of Rs 15.90 on 22 December 2011.
The stock had outperformed the market over the past one month until 22 June 2012, gaining 8.31% compared with the Sensex's 5.90% rise. The scrip had, however, underperformed the market in past one quarter, falling 22.88% as against 1.30% fall in the Sensex.
The small-cap company has an equity capital of Rs 60.66 crore. Face value per share is Re 1.
Report suggest that the corporate debt restructuring (CDR) cell will meet today, 25 June 2012, to give final shape to the debt recast package of Hindustan Construction Company (HCC) - the promoter of the Lavasa project. According to report, the loan tenure is likely to be extended to 10 years.
Lenders reportedly have an exposure of nearly Rs 8153 crore in HCC, which includes term loan, working capital loan and non-fund base limits.
As per report, lenders will provide an additional working capital of Rs 500 crore and sanction additional a non-fund based limit of Rs 1000 crore.
HCC reported net loss of Rs 54.17 crore in Q4 March 2012 as against net profit of Rs 22.61 crore in Q4 March 2011. Net sales declined 4.4% to Rs 1155.95 crore in Q4 March 2012 over Q4 March 2011.
HCC develops infrastructure projects. It has executed a majority of India's landmark infrastructure projects, having constructed 25% of India's Hydel Power generation and over 50% of India's Nuclear Power generation capacities, over 3,100 lane km of Expressways and Highways, more than 200 km of complex Tunneling and over 324 Bridges.
Powered by Capital Market - Live News