NBCC (India) firms up after winning order

NBCC (India) rose 1.66% to Rs 211.60 at 10:57 IST on BSE after the company said it won order worth Rs 464 crore from the Government of India.

The announcement was made after market hours yesterday, 6 September 2017.

Meanwhile, the S&P BSE Sensex was down 60.63 points, or 0.19% to 31,722.60.

On the BSE, 70,000 shares were traded in the counter so far, compared with average daily volumes of 1.50 lakh shares in the past one quarter. The stock had hit a high of Rs 213.80 and a low of Rs 211.20 so far during the day. The stock hit a record high of Rs 219.30 on 3 August 2017. The stock hit a 52-week low of Rs 133.13 on 9 November 2016.

The stock had underperformed the market over the past one month till 6 September 2017, falling 1.91% compared with 1.10% decline in the Sensex. The scrip had outperformed the market in past one quarter, rising 4.99% as against Sensex's 1.44% rise. The scrip had also outperformed the market in past one year, rising 24.42% as against Sensex's 9.46% rise.

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

NBCC (India) said it has signed an agreement on 5 September 2017 with Ministry of Health & Family Welfare, Government of India for planning, designing and construction of expansion of Sports Injury Centre in New Delhi. The order is worth approximately Rs 464 crore, the company said.

On a consolidated basis, net profit of NBCC (India) rose 25.69% to Rs 59.16 crore on 0.76% rise in net sales to Rs 1548.90 crore in Q1 June 2017 over Q1 June 2016.

NBCC (India), a blue-chip Government of India (GoI) Navratna enterprise under the Ministry of Urban Development, is present in three segments of operations including project management consultancy (PMC), real estate development and EPC contracting. The GoI held 75% stake in the firm (as per shareholding pattern as on 30 June 2017).

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