Project GANGA Sparks 12% Rally in Hinduja Global Solutions; 20 Lakh Homes to Get High-Speed Broadband in UP

Mumbai, June 10: Shares of Hinduja Global Solutions (HGS) surged 11.16% on Wednesday, with the stock last trading at Rs 444.90 against a previous close of Rs 400.25, as investors reacted sharply to the company’s announcement of Project GANGA — an ambitious broadband rollout initiative across Uttar Pradesh backed by a state government MoU. 

The stock opened at Rs 415, immediately signalling a gap-up of nearly 3.7% over the previous close, before buyers pushed it aggressively to an intraday high of Rs 470 in the morning session — a peak gain of 17.4% from the prior close. The stock held its low precisely at the open price of Rs 415, which served as firm intraday support and indicated that every dip was absorbed without panic.  

The official close was recorded at Rs 450.35, up Rs 50.10 or 12.52% from the previous session, while the VWAP for the day stood at Rs 457.31 — sitting well above the open and the close, confirming that volume-weighted buying pressure was sustained across the bulk of the trading day rather than confined to a single early spike. 

Weekly Trend 

Wednesday’s explosive move was all the more striking against the backdrop of a week that had been trending in the opposite direction. The one-week chart shows HGS trading around Rs 408 at the start of the week on June 3, nudging up briefly to approximately Rs 410 on June 4 before entering a steady, uninterrupted decline through the remainder of the prior week — slipping to Rs 403 by June 5, easing further to Rs 401 on June 8, and hitting a weekly low of approximately Rs 397 on June 9.  

Today’s session shattered that sequence entirely: the stock not only recouped the entire week’s losses in a single session but extended sharply beyond the weekly high, closing at Rs 450.35 and posting what is comfortably the strongest daily gain in the stock’s recent history. The weekly chart, which had presented a clean downward slope heading into Wednesday, now shows a sharp V-shaped reversal — one that is likely to attract fresh momentum buying in the sessions ahead.

The Catalyst: Project GANGA 

Hinduja Global Solutions announced the launch of Project GANGA — Government Assisted Network for Growth and Advancement — a high-speed broadband initiative targeting more than 20 lakh homes across Uttar Pradesh over the next two to three years, following the signing of an MoU in March 2026 between the State Transformation Commission of the Government of Uttar Pradesh, OneOTT Intertainment, and HGS’s broadband vertical.  

The project was formally launched by Chief Minister Yogi Adityanath in Lucknow and will deliver services under the ‘Ganga Fiber’ brand to households, businesses, and public institutions across the state. A distinctive feature of the rollout is the creation of 8,000–10,000 local entrepreneurs at the Nyaya Panchayat level as independent Digital Service Providers, with women expected to constitute 50% of this network — directly aligned with the state’s 2026–27 budget commitment to grassroots digital entrepreneurship.  

The initiative draws on the combined national digital infrastructure of HGS and NXTDIGITAL, which covers more than 5 million homes across 4,500 pin codes, 1,500 cities and towns, and over 2 lakh kilometres of fibre, positioning Project GANGA as one of the most ambitious last-mile broadband rollouts in India’s most populous state. 

Source

•  https://www.nseindia.com/get-quote/equity/HGS/Hinduja-Global-Solutions-Limited