HMT surges 6.5% as govt approves revival restructuring plan

HMT surged 6.5 percent as the government’s recast plan is going to be implemented in phased manner. Last month, the cabinet had approved Rs 1,083 crore revival package for HMT. In the last one month stock rose over 32 percent.

Today, at 10:57 hrs HMT was quoting at Rs 36.70, up Rs 2.25, or 6.53 percent. It has touched an intraday high of Rs 38.10 and an intraday low of Rs 35.75.

It was trading with volumes of 220,186 shares, compared to its five day average of 47,254 shares, an increase of 365.96 percent.

In the previous trading session, the share closed up 0.73 percent or Rs 0.25 at Rs 34.45.

The share touched its 52-week high Rs 50.15 and 52-week low Rs 24.50 on 18 October, 2012 and 28 March, 2013, respectively. Currently, it is trading 26.82 percent below its 52-week high and 49.8 percent above its 52-week low.