NBCC gains after new order win

National Buildings Construction Corporation rose 1.28% to Rs 939.40 at 9:25 IST on BSE after the company secured a project for construction of trade facilitation centre and crafts museum at Varanasi.

The announcement was made after market hours on Friday, 18 September 2015.

Meanwhile, the BSE Sensex was down 219.66 points, or 0.84%, to 25,999.25

On BSE, so far 10,957 shares were traded in the counter, compared with an average volume of 1.60 lakh shares in the past one quarter.

The stock hit a high of Rs 943 and a low of Rs 926.50 so far during the day. The stock hit a record high of Rs 1,214.50 on 6 August 2015. The stock hit a 52-week low of Rs 518 on 17 September 2014.

The large-cap company has an equity capital of Rs 120 crore. Face value per share is Rs 10.

National Buildings Construction Corporation (NBCC) secured the order for an estimated Rs 197 crore approximately from the Ministry of Textiles, Government of India.

On a consolidated basis, NBCC's net profit rose 31.5% to Rs 44.08 crore on 37.1% rise in net sales to Rs 1146.94 crore in Q1 June 2015 over Q1 June 2014.

NBCC is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 90% stake in the firm (as per shareholding pattern as on 30 June 2015).

Powered by Capital Market - Live News