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Company News Details

BSE   27 May 16 | 12:00 AM

40.35 0.2 (0.5%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 500191
Face Value: N.A.

NSE   27 May 16 | 12:00 AM

40.15 0.35 (0.88%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: HMT
Performance
1 Week : Rs 41.65 (-3.12%)
1 Month : Rs 46.40 (-13.04%)
1 Year : Rs 40.05 (0.75%)
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HMT soars on revival hopes

SI Reporter / Mumbai 15 Apr 11 | 02:45 PM

HMT has soared 9% to Rs 68.15 on reports that the debt-laden company has hired consulting firm PricewaterhouseCoopers Pvt. Ltd (PwC) to help devise a revival strategy.
 
PwC will study state-controlled HMT’s products, business plans and suggest investment strategies for the next five years, reports suggest.
 
The Bangalore-based HMT, which has posted losses for the past two decades and has a debt of Rs 1,631 crore as on March 31, 2010.
 
The stock opened at Rs 62.15 and hit a high of Rs 68.70 on the NSE. The trading volume have jumped more than five-fold with 2.18 million shares changing hands so far, as against an average around 400,000 shares that were traded daily in past two weeks.

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