Hindustan Construction Company (HCC) shares showed signs of recovery on Tuesday, December 9, trading 1.36 per cent higher at ₹18.64 in the last hour of trading after four consecutive sessions of losses. The stock opened at ₹18.28 and touched an intra-day high of ₹18.99, with over 41.91 lakh shares changing hands.
The recovery comes after the stock plunged 20.5 per cent between December 3 and December 8, falling to a 52-week low of ₹17.75 on Monday. The sharp correction followed an exchange query on December 3 regarding unusual trading volumes, which the company attributed to market-driven activity while confirming no pending material disclosures.
The decline coincided with the company’s announcement of a ₹1,000 crore rights issue. HCC’s Securities Issuance Committee approved issuing 79,99,91,900 equity shares at ₹12.50 per share on December 1, with the rights issue set to open on Friday, December 12, and close on December 22. December 5 was fixed as the record date, with shareholders entitled to 277 rights shares for every 630 shares held.
The rights issue will expand HCC’s equity base from 181 crore shares to 261 crore shares post-issuance. The issue price includes a premium of ₹11.50 per share, payable on application. On-market renunciation of rights closes on December 17, while off-market renunciation ends December 19.
Despite Tuesday’s uptick, HCC remains under pressure, trading 53 per cent below its 52-week high of ₹40.21 reached in December 2024. The stock has declined 51.93 per cent over the past year and 42.43 per cent year-to-date. However, long-term investors have seen substantial gains, with the stock delivering 224.56 per cent returns over five years.
Trading volumes remained elevated with a total traded value of ₹77.08 crore, though deliverable volume stood at just 25.25 per cent of traded quantity.
Published on December 9, 2025
