Jul 12, 2012, 08.23 AM IST

HMT up over 17% on revival plan by govt

State-owned HMT gained more than 17% on Tuesday as the government said they were mulling Rs 993 crore revival plan for the company. CNBC-TV18 reported quoting NW18 that revival plan has included Rs 441 crore cash infusion.

Source: Moneycontrol.com
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State-owned HMT gained more than 17% on Tuesday as the government said they were mulling Rs 993 crore revival plan for the company. CNBC-TV18 reported quoting NW18 that revival plan has included Rs 441 crore cash infusion.


At 14:32 hours IST, the share was trading at Rs 48, up Rs 6.75, or 16.36%.
 
Even its trading volumes spiked 438.53% to 6,38,292 equity shares as compared to its 5-day average of 1,18,525 shares.
 
Market capitalisation of the company currently stands at Rs 3,649.68 crore.


Government of India holds 98.8% stake in the company.


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