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NBCC (India) gains after good order inflow in April 2017

Capital Market 

NBCC (India) rose 0.54% to Rs 195.60 at 10:08 on after the company said it has secured the total business of Rs 315.24 crore in the month of April 2017.

The announcement was made after market hours on Friday, 12 May 2017.

Meanwhile, the S&P Sensex was up 121.88 points, or 0.40% to 30,310.03.

On the BSE, 17,000 shares were traded in the counter so far, compared with average daily volumes of 2.58 lakh shares in the past one quarter. The stock had hit a high of Rs 196.75 and a low of Rs 194.95 so far during the day. The stock hit a record high of Rs 205.75 on 28 April 2017. The stock hit a 52-week low of Rs 117.73 on 24 June 2016.

The stock had outperformed the market over the past one month till 12 May 2017, rising 9.11% compared with 2.47% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 3.58% as against Sensex's 6.54% rise.

The large-cap company has equity capital of Rs 180 crore. Face value per share is Rs 2.

On a consolidated basis, NBCC (India)'s net profit rose 15.9% to Rs 64.42 crore on 4% increase in net sales to Rs 1413.77 crore in Q3 December 2016 over Q3 December 2015.

NBCC (India) is a blue-chip Government of (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 75% stake in the firm (as per shareholding pattern as on 22 February 2017).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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