NBCC (India) moves higher after fixing record date for bonus shares

NBCC (India) rose 0.78% to Rs 276.60 at 09:41 IST on BSE after the company announced that it has fixed 21 February 2017 as the record date for 1:2 bonus issue of shares.

The announcement was made after trading hours on Friday, 13 January 2017.

Meanwhile, the S&P BSE Sensex was down 48.61 points, or 0.18%, to 27,189.45

On the BSE, 39,000 shares were traded on the counter so far as against the average daily volumes of 2.31 lakh shares in the past one quarter. The stock had hit a high of Rs 278 and a low of Rs 274.35 so far during the day. The stock hit a record high of Rs 299.20 on 5 October 2016. The stock hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past 30 days till 13 January 2017, rising 22.48% compared with the 2.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 7.02% as against Sensex's 1.57% decline.

The large-cap company has equity capital of Rs 120 crore. Face value per share is Rs 2.

NBCC (India)'s consolidated net profit rose 1.42% to Rs 69.11 crore on 15.75% increase in net sales to Rs 1224.41 crore in Q2 September 2016 over Q2 September 2015.

NBCC (India) 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 2016).

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