Hindustan Construction Company (HCC) :
Broke out of resistance at around 18 closing at 52 week and 3year High with high volumes. Company’s debt is getting restructured and is generating a profit now. Company is set to benefit from the government’s massive infra spending . Company is known to have completed difficult construction projects like
Bandra-Worli Sea Link -Mumbai,Bogibeel Bridge-Assam etc and has built plants that account for more than 60% of India’s Nuclear Power Capacity . It has a healthy order book but it has not increased in Q3 '21 . Company also recently divested Baharampore-Farakka Highways Ltd (BFHL) at an enterprise value of Rs 1,279 crore . This sale will add further liquidity to the company . Overall looks like a cheap bet in the infra space .
Disc: Invested , This is not recommendation to buy or sell do your own research before investing.