HCC shares spikes nearly 20% on receiving arbitral award

Shares of Hindustan Construction Company zoomed nearly 20 per cent on the BSE after the company said that it would receive 75 per cent arbitral award amount of appx Rs 2000 crore within 4 to 6 weeks.

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Shares of Hindustan Construction Company zoomed nearly 20 per cent on the Bombay Stock Exchange after the company said that it would receive 75 per cent arbitral award amount of appx Rs 2000 crore within 4 to 6 weeks.

HCC shares spikes nearly 20% on receiving arbitral award
Hindustan Construction Company: Quotes, News
BSE 40.50BSE Quote0.5 (1.23%)
NSE 40.55NSE Quote0.35 (0.86%)
Following the announcement, shares of company gained as much as 19.88 per cent to hit intra-day high of Rs 41.00 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company advanced 16.42 per cent to Rs 39.70 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,641.57, down 11.24 points, or 0.04 per cent, at 11:48 hours.

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Read more about: hindustan construction
Story first published: Thursday, December 1, 2016, 12:50 [IST]
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