NBCC gains after winning contract

National Buildings Construction Corporation rose 2.89% to Rs 792 at 13:26 IST on BSE after the company said it secured a road contract worth Rs 1850 crore at Miao-Vijaynagar in Arunachal Pradesh.

The announcement was made during trading hours today, 2 December 2014.

Meanwhile, the BSE Sensex was down 104.72 points, or 0.37%, to 28,454.90.

On BSE, so far 1.87 lakh shares were traded in the counter, compared with an average volume of 3.24 lakh shares in the past one quarter.

The stock hit a high of Rs 814.60 and a low of Rs 756.65 so far during the day. The stock hit a record high of Rs 908.05 on 5 November 2014. The stock hit a 52-week low of Rs 134 on 17 December 2013.

The stock had underperformed the market over the past one month till 1 December 2014, falling 8.31% compared with 2.49% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 76.85% as against Sensex's 6.30% rise.

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

National Buildings Construction Corporation (NBCC) said it secured Project Management Consultancy (PMC) work for construction/improvement/maintenance of roads at Miao-Vijaynagar (Arunachal Pradesh) costing Rs 1850 crore.

On a consolidated basis, net profit of National Buildings Construction Corporation fell 0.9% to Rs 60.67 crore on 4.2% increase in net sales to Rs 904.29 crore in Q2 September 2014 over Q2 September 2013.

National Buildings Construction Corporation (NBCC) provides Civil Engineering Construction Services. The company's present arrays of operations are categorized into three main segments -- project management consultancy (PMC), real estate development and engineering, procurement and construction (EPC) contracting.

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