Sell HCC With Target Of Rs 90

Sell HCC With Target Of Rs 90Stock market analyst Ashwani Gujral has maintained 'Sell' rating on Hindustan Construction Company Ltd (HCC) stock with target of Rs 90.

According to Mr. Gujral, the investors can sell the stock with stop loss of Rs 108.

Today, the stock opened at Rs 13.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 162.20 and a low of Rs 96.45 on BSE.

Current EPS & P/E ratio stood at 2.69 and 38.77 respectively.

Hindustan Construction Company (HCC) has pocketed a contract worth Rs 887.92 crore from the Nuclear Power Corporation of India.

The new order is for construction of miscellaneous buildings comprising finishing works for two arms of Rajasthan Atomic Power Project in Kota.

The company said that the new order is to be completed by the next 50.

The company on May 13 announced that it has diverted its IT arm into a separate firm, Highbar Technologies, in order to offer up services to customers in the infrastructure segment.

Founded in 1926, deal in various sections like transportation, power, marine, oil and gas pipeline construction, irrigation, utilities and urban infrastructure. (With Inputs from Agencies)