InvestorQ : Why did HCC fall so sharply on 28 August?
sarah Leo made post

Why did HCC fall so sharply on 28 August?

Answer
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Anu Biswas answered.
3 weeks ago


Hindustan Construction has been making consistent losses for the last many quarters as it has been reeling under debt for a long time. The company is now quoting at below Rs.6 per share and has been on lower circuits for quite some time.

The COVID lockdown worsened the situation with respect to HCC as most of its construction projects came to a standstill. Also its massive investments in Lavasa look like they may not be recovered so easily as the concept has not become too popular.