HCC Shares Decline Despite Rights Issue
HCC Shares
Hindustan Construction Company (HCC) shares experienced a significant decline, falling 5.6% on December 8 and extending a total drop of 16% over four trading sessions. This downturn occurred despite the company announcing a substantial ₹1,000 crore rights issue. The decline prompted an unusual trading volume inquiry by market regulators. Investors are closely monitoring the situation as they assess the impact of this rights issue on the company's financial position and future prospects.
Category: Stocks
What happened to HCC shares?
HCC shares fell 5.6% on December 8, extending a total decline of 16% over four trading sessions.
What rights issue did HCC announce?
HCC announced a substantial ₹1,000 crore rights issue.
What was triggered by the decline in HCC shares?
The decline in HCC shares prompted an unusual trading volume inquiry by market regulators.
Location: Raipur - C.G.
Category: IN
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