NBCC gains after new order win

National Buildings Construction Corporation rose 1.08% to Rs 1,026.95 at 9:49 IST on BSE after the company won a project of civil works for estimated amount of Rs 126.33 crore.

The announcement was made after market hours on Friday, 16 October 2015.

Meanwhile, the BSE Sensex was up 86.51 points, or 0.32%, to 27,301.11

On BSE, so far 11,491 shares were traded in the counter, compared with an average volume of 1.07 lakh shares in the past one quarter.

The stock hit a high of Rs 1,031.95 and a low of Rs 1,022.15 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 682.60 on 9 February 2015.

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

National Buildings Construction Corporation (NBCC) said that Acharya N. G. Ranga Agricultural University (ANGRAU), Hyderabad has entrusted the project of civil works at different colleges of ANGRAU in the state of Telangana to the company for estimated amount of Rs 126.33 crore approximately.

On a consolidated basis, National Buildings Construction Corporation's (NBCC) 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 September 2015).

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