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Published on 8/01/2018 1:18:25 PM | Source: Dion Global Solutions Ltd

HCC jumps 5% as JV secures Pune Metro Rail Project

Shares of Hindustan Construction Company (HCC) soared 5 per cent on the Bombay Stock Exchange after the company in the joint venture with AL FARA'A has been awarded Rs 484 crore contract by the Maharashtra Metro Rail Corporation for Pune Metro Rail Project. Following the announcement, shares of the company gained as much 5.01 per cent and touched an intra-day high of Rs 44.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 3.69 per cent higher at Rs 43.50 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,354.51, up 200.56 points, or 0.59 per cent, at 12:45 hours.