Hathway Cable jumps over 6%; CLSA starts with 'buy' rating - The New Indian Express

Hathway Cable jumps over 6%; CLSA starts with 'buy' rating

Published: 17th April 2014 02:19 PM

Last Updated: 17th April 2014 02:19 PM

Hathway Cable and Datacom, one of India's leading multiple system operators, jumped on Thursday after global investment firm, CLSA started coverage on the stock with a 'buy' rating and a target price of Rs 302. Shares ofthe companyare trading at Rs 243, up Rs 14.55, or 6.37% at the Bombay Stock Exchange (BSE) on Thursday at 1:04 p.m.The scrip has touched an intra-day high of Rs 246.40 and low of Rs 230. The total volume of shares traded at the BSE is 20,298.In the earlier session, the shares fell 2.43%, or Rs 5.7, at Rs 228.45. Currently, the stock is trading down 19.46% from its 52-week high of Rs 301.70 and above 9.95% over the 52-week low of Rs 221.

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