Apr 22, 2013, 10.21 AM IST
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.
The package includes cash infusion to the tune of Rs 450 crore and another Rs 630 crore as non-cash assistance.
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.
HMT stock price
On December 12, 2013, at 11:59 hrs HMT was quoting at Rs 28.55, up Rs 0.25, or 0.88 percent. The 52-week high of the share was Rs 44.20 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 September 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 -41.38.
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