HCC Share Price hits 52 Week High

HCC share price hit 52 week high on the National Stock Exchange (NSE) today. Hindustan Construction Company (HCC) shall next month seek shareholders' nod for conversion of loan into equity shares or optionally convertible debentures pursuant to execution of the RBI's scheme for the sustainable structuring of stressed assets.

The company shall also seek shareholder's nod for increasing the firm's authorized capital, HCC said in a filing to the BSE. The Extraordinary General Meeting of the members of HCC or Hindustan Construction Company shall be held on 5^th January, 2017 and approval would be sought for conversion of Loan by Lenders into Equity Shares or OCDs -Optionally Convertible Debentures of the company ('Securities') pursuant to implementation of the RBI - Reserve Bank of India S4A Scheme for the company.

Infrastructure major Hindustan Construction Company (HCC) had earlier in the month of December approved the issuance of equity shares as well as OCDs - optionally convertible debentures worth about Rs 2,000 cr to the lenders, under the scheme for the sustainable structuring of stressed assets. HCC is the first company to get its debt restructured under the Sustainable Structuring of Stressed Assets (S4A) scheme.

HCC share price opened at Rs 39.85 from a previous closing of Rs 39. The stock touched the day’s high and low at Rs 43.50 and Rs 39.60, respectively. Out of the 1700 Shares, HCC is one of the top 500 Shares, recognized by the Dynamic Levels Researchers and Stock analysts. According to Dynamic Levels Researchers, the stock can be a good investment opportunity and can give you good returns. HCC is a well analyzed stock, based on technical and fundamental research. It is traded in good volumes.

In order to acquire further details on the support and resistance refer to HCC share price history. Here, you will also come across other fundamentals and financials of the stock.