NBCC (India) moves up after securing orders

NBCC (India) rose 1.21% to Rs 246.45 at 10:00 IST on BSE after the company said that it has secured the total business of around Rs 314.77 crore in December 2017.

The announcement was made after market hours yesterday, 3 January 2018.

Meanwhile, the S&P BSE Sensex was up 58.99 points or 0.17% at 33,852.37.

On the BSE, 44,219 shares were traded on the counter so far as against the average daily volumes of 3.97 lakh shares in the past one quarter. The stock had hit a high of Rs 247.70 and a low of Rs 245.80 so far during the day. The stock had hit a record high of Rs 291.75 on 8 November 2017 and a 52-week low of Rs 160.40 on 5 January 2017.

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

NBCC (India) has secured the total business of around Rs 314.77 crore in the month of December 2017 which includes construction of border fence and road along Indo-Bangladesh border in Meghalaya state amounting Rs 215.77 crore at a project management consulting (PMC) fees of 7%.

NBCC (India)'s consolidated net profit surged 31.3% to Rs 81.24 crore on 12.1% fall in net sales to Rs 1319.25 crore in Q2 September 2017 over Q2 September 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 September 2017).

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