Apr 22, 2013, 10.21 AM IST | Source: Moneycontrol.com

HMT up 5% after CCEA approves Rs 1,083 cr revival package

State-owned watch and tractor manufacturer HMT rose more than five percent on Monday as the Cabinet Committee on Economic Affairs has approved Rs 1,083 crore revival package for the company.

State-owned watch and tractor manufacturer HMT rose more than five percent on Monday as the Cabinet Committee on Economic Affairs (CCEA) has approved Rs 1,083 crore revival package for the company.

The package includes cash infusion to the tune of Rs 450 crore and another Rs 630 crore as non-cash assistance.
 
Meanwhile, the market capitalisation of the company currently stands at Rs 2,904.54 crore.

The stock shot up more than 40 percent in four consecutive sessions.

At 10:10 hours IST, the share gained 5.09 percent to Rs 38.20 on Bombay Stock Exchange.
 
Trading volumes increased one percent to 2,75,613 equity shares as compared to its five-day average of 2,73,116 shares.

HMT stock price

On April 17, 2014, HMT closed at Rs 29.80, up Rs 0.30, or 1.02 percent. The 52-week high of the share was Rs 39.45 and the 52-week low was Rs 20.70.


The company's trailing 12-month (TTM) EPS was at Rs 0.00 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 0. The latest book value of the company is Rs -0.69 per share. At current value, the price-to-book value of the company is -43.19.

READ MORE ON  HMT, revival package, CCEA
Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Rahul Gandhi

578.54 -5.44 -0.93%

43759

Bought today

143662

Sold today

0.24%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.