HCC ₹1000 Cr Rights Issue Opens, Stock Hits 1-Year Low

• HCC's ₹1000 crore rights issue opened for subscription, causing significant selling pressure on its shares.
• The company's shares fell by 7% intraday, hitting a one-year low of ₹17.53.
• The rights issue price has been fixed at ₹12.5 per share.
• Existing shareholders can subscribe to the rights issue until December 17.
• HCC reported a 25.2% decline in net profit and a 31.7% drop in operational revenue for Q2 FY26.

Why It Matters: HCC's rights issue triggered a 7% share price drop to a one-year low.