NBCC gains after securing new orders

NBCC (India) gained 2.76% to Rs 39.05 at 12:00 IST on the BSE after the company said it secured total business of Rs 201.77 crore in June and July 2019.

The announcement was made after market hours yesterday, 7 August 2019.

Meanwhile, the S&P BSE Sensex was up by 97.85 points or 0.27% at 36,788.4

On the BSE, 4.06 lakh shares were traded in the counter so far compared with average daily volumes of 11.54 lakh shares in the past two weeks. The stock had hit an intraday high of Rs 39.5 and an intraday low of Rs 38.1 so far during the day. The stock hit a 52-week high of Rs 77.7 on 9 August 2018 and a 52-week low of Rs 37.7 on 6 August 2019.

The company reported that it has secured a total business of Rs 3.29 crore in June 2019 and Rs 198.48 crore in July 2019.

On consolidated basis, the company's net profit declined 7.1% to Rs 142.46 crore on 6.1% rise in net sales to Rs 3087.46 crore in Q4 March 2019 over Q4 March 2018.

NBCC (India) is engaged in project management consultancy, real estate development and EPC contracting.

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