HMT gained on Thursday after the Cabinet Committee on Economic
Affairs (CCEA) has approved budgetary support, in the form of
non-plan loan of Rs 270.6 million for payment of salary, wages and
statutory dues to the employees of HMT for the period from March
The CCEA has also approved Rs 503.4
million to HMT Machine Tools for payment of statutory dues
(provident fund, gratuity etc.) for the period from September, 2012
to March, 2013.
This decision would mitigate hardships being faced by employees
and would also motivate employees and help to achieve the goal of
revival/restructuring of the companies, The Cabinet said.
Shares of the company gained Rs 1.35, or 4.55%, to trade at Rs
31. The total volume of shares traded was 813,740 at the BSE (2.54
The scrip has touched an intra-day high of Rs 32.30 and low of
Rs 29.85. The total volume of shares traded at the BSE is
813,740.In the earlier session, the shares gained 8.61%, or Rs
2.35, at Rs 29.65.Currently, the stock is trading down 24.02% from
its 52-week high of Rs 40.80 and above 49.76% over the 52-week low
of Rs 20.70.
Share Price Movement Period Pricein Rs Gain/(Loss)
in Rs in % 1 Week 28.80 (1.30) (4.51) 1 Month 31.15 (3.65) (11.72)
3 Months 27.60 (0.10) (0.36) 6 Months 40.95 (13.45) (32.84) 1 Year
37.65 (10.15) (26.96) Note: Based on previous day closing price.