Multibagger Small-Cap Stock Under ₹50 Jumps 5% After Patna Metro Win

The stock market today saw sharp activity in small-cap counters, and Hindustan Construction Company (HCC) stole the spotlight. The multibagger small-cap stock surged 5% to ₹30 apiece on September 23 after announcing a big development tied to urban infrastructure.

Market Performance and Key Update

HCC’s rally came on the back of fresh contract wins. The company disclosed that it secured two major packages worth a combined ₹2,566 crore from Patna Metro Rail Corporation Limited (PMRCL).

These packages are part of Phase I of the Patna Metro Rail Project, which is among the most ambitious urban transit projects in Bihar.

Project Details

The contracts bagged by HCC are significant in both scale and scope:

• Package PC-05 (₹1,418.3 crore): Design and construction of 10.67 km of underground twin tunnels using Tunnel Boring Machines (TBM), plus a cut-and-cover tunnel, an underground ramp at Mithapur, and three metro stations — Vikas Bhawan, Vidyut Bhawan, and Patna Station.
• Package PC-06 (₹1,147.51 crore): Includes construction of an underground ramp at Rukanpura and three metro stations — Rukanpura, Raja Bazar, and Patna Zoo. This package also covers finishing work, water supply, sanitation, and drainage systems across stations in the Danapur–Khemnichak Corridor.

The execution of these packages will expand HCC’s presence in metro rail infrastructure, an area where the company already has a strong track record.

Company Details and Ongoing Projects

Hindustan Construction Company has been a key player in India’s infrastructure push. Beyond the new Patna Metro orders, the company is already engaged in other metro projects:

• Mumbai Metro Line III: 4 km of twin tunnels and four stations.
• Indore Metro Phase I: 5.66 km of twin tunnels and seven underground stations.
• Chennai Metro: Two packages currently under execution.

Over the years, HCC has also contributed to marquee metro projects across Delhi, Bangalore, Mumbai (Line I), and Kolkata.

Stock Market Today: HCC Share Price Trend

September has been a turning point for HCC. The stock, which had endured a six-month correction, rebounded 16.5% this month alone.

• From March 2023 to July 2024, the stock had rallied 337%, before slipping into a prolonged downtrend.
• At its July 2024 peak, HCC traded at ₹57.50. Since then, it corrected nearly 50%.
• Despite the fall, the long-term performance remains robust. Over the past five years, HCC has delivered more than 500% returns, cementing its position as a true multibagger small-cap stock.

Summary

The ₹2,566 crore Patna Metro project win has once again put Hindustan Construction Company in the limelight. With multiple metro contracts under execution across major cities and a proven track record in infrastructure delivery, the company continues to strengthen its foothold in India’s urban transit expansion.

For the stock market today, the combination of contract wins, price recovery, and strong long-term performance kept HCC firmly in focus.