Hcc

HCC's stake in Steiner AG (SAG) was sold so that the firm could focus on its core EPC operations in India.

Hindustan Construction Co stock on a roll, skyrockets 33% in six sessions

Elara Capital expects Hindustan Construction Co to get back on its path to glory after a decade long financial slog.

Gainers & losers: Stocks that moved the most on June 11

Indian equity indices ended lower in the volatile session on June 11. The Sensex was down 0.04 percent at 76,456.59, and the Nifty was up 0.02 percent at 23,264.80. Here are some stocks that moved the most in trade today.

Elara initiates coverage on HCC as it's 'poised to reclaim earlier glory', sees 58% upside; shares skyrocket 13%

HCC is well positioned to capture on the Rs 1.5 lakh crore nuclear opportunity. According to Elara, the firm could see order inflows of Rs 9,000 crore in FY25.

Nalco, Hind Copper gain 5% on lithium mining venture with Argentinian major

Khanij Bidesh India Ltd. (KABIL), a joint venture of NALCO Ltd., Hindustan Copper Ltd., and Mineral Exploration Company Ltd., has inked a deal with Argentina's CAMYEN SE

HCC gains 6% after subsidiary inks share purchase deal with Steiner AG

HCC Infrastructure Company, a subsidiary of the company also received Rs 110 crore as an earn out money from Cube Highways and Infrastructure V Pte Ltd, for stake sale in Baharampore-Farakka Highways (BFHL).

HCC completes sale of Baharampore-Farakka Highways for Rs 1,323 crore

HCC in a statement said the group is to receive a total of Rs 941 crore which includes upfront amount of Rs 677 crore and Rs 264 crore payable by the third quarter of 2023-24 in two tranches, contingent on traffic projections.

HCC Q2 net profit zooms 129% to Rs 319 crore

The company had posted a consolidated net profit of Rs 139.23 crore in the year-ago period, HCC said in a filing to BSE.

HCC share price hits upper circuit on sale of Farakka Raiganj Highways

HCC Concessions Ltd, the infrastructure development arm of HCC Group, completed its 100 percent sale of Farakka-Raiganj Highways Limited to Cube Highways and Infrastructure II Pte Ltd., the company said in an exchange filing.

HCC lenders carve out Rs 2,100 crore debt/asset to a third-party-controlled SPV

The tenure of the debt at the SPV will be up to 10 years.

HCC share price jumps 6% after JV bags Delhi Metro order

HCC's share in the JV is 75 percent (i.e. Rs 367 crore) and the work is expected to be completed in three years, company said.

Following SC ruling, will be able to execute awards worth Rs 1,584cr: HCC

"Hindustan Construction Co Ltd (HCC) won a challenge in the Supreme Court of lndia for setting aside Section 87 of the Arbitration and Conciliation Act... In HCC's case, the company will now be in a position to execute awards amounting to about Rs 1,584 crore which were impacted by Section 87," the construction firm said in a statement.

How price-to-book value as a valuation tool could turn into a trap

Checklist when price to book value becomes a trap: - When the stated value of assets in the books is higher than their realisable value - When a company’s balance sheet contains too many intangibles - When the company has huge contingent liabilities - When a large part of the liability is shifted to the future

Using price-to-book value as a valuation tool could turn into a trap for unwary investors

The last few months have been a bargain hunters’ market with investors picking up stressed stocks. But many of these bargains could be traps.

HCC turns claims to cash, gets some breathing space

HCC's innovative move to convert claims to cash will help lower some of its debt but it has some way to go before investors can rest easy

HCC zooms 8% on board approval for monetisation of specified awards & claims

HCC said it will utilise the amount to prepay debt of Rs 1,250 crore, including its entire term loan of Rs 942 crore which is due in the next 3 years and Rs 308 crore of OCDs

HCC gains 8% on report of PE firm buying arbitration exposure

HCC's arbitration exposure stood at around Rs 3,800 crore. Its gross debt was at Rs 3,490 crore as of December 2018.

18 stocks rise 10-50% even as Sensex falls 1% in 5 days

Stocks which gave double-digit returns include names like Kellton Tech, Atul Auto, Capital Trade, HCC, JSW Holdings, Nelco, Dwarikesh Sugar, and Adhunik Industries.

Lavasa Corporation to face insolvency

In a filing to the BSE, the HCC today said that the National Company Law Tribunal (NCLT) has admitted a plea filed by operational creditors who initiated Corporate lnsolvency Resolution Process (CIRP) against Lavasa Corporation under the lnsolvency and Bankruptcy Code.

HCC posts net loss of Rs 19.7 cr in Jun qtr

The company had reported a net profit of Rs 14.5 crore in the year-ago period.

Why you should keep your expectations from construction plays low

It is prudent to remain with construction players having balance sheet strength and industry expertise, but have lower return expectations in the interim

HCC bags Rs 737 cr contract for Bangladesh nuclear power plant

"HCC, in a joint venture with MAX Group, a construction company in Bangladesh has been awarded USD 110 million (Rs 737 crore) contract by Russia's State Nuclear Company, JSC Atomstroyexport," HCC said in a statement.

Construction sector: Strong order book, lower lending cost to ensure strong footing

In Q4FY18 itself, these companies have delivered strong 31 percent growth in earnings on a sales growth of close to 17 percent