HCC zooms 15% to hit over 5-year high on heavy volumes

Shares of Hindustan Construction Company(HCC) zoomed 15 per cent to hit over five-year high of Rs 23.29 per share, in Wednesday’s intra-day trade, amid heavy volumes in an otherwise weak market. In comparison, the S&P BSE Sensex was down 0.52 per cent at 65,503 at 11:54 am.

The stock of civil construction company quoted its highest level since May 2018. So far in the financial year 2023-24, the stock has skyrocketed 70 per cent.

The average trading volumes on the counter nearly doubled in Wednesday’s trade. Around 215 million equity shares, which represented 14 per cent of HCC’s total equity changed hands on the NSE and BSE.