NBCC (India) soars about 37% in 7 trading sessions

NBCC (India) rose 13.74% to Rs 260.70 at 14:11 IST on BSE, extending its rise for the seventh consecutive trading session.

Meanwhile, the BSE Sensex was up 107.84 points, or 0.39%, to 27,734.53.

On BSE, so far 16.74 lakh shares were traded in the counter, compared with an average volume of 87,466 shares in the past one quarter. The stock hit a high of Rs 263.40 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 229.95 so far during the day. The stock hit a 52-week low of Rs 162 on 25 August 2015. The stock had outperformed the market over the past one month till 11 July 2016, rising 22.15% compared with 3.72% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.90% as against Sensex's 10.41% rise.

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

Shares of NBCC (India) have risen 36.71% from its recent close of Rs 190.70 on 30 June 2016.

NBCC (India) announced after market hours on Tuesday, 5 July 2016, that it secured a total business of about Rs 587.47 crore in June 2016. India's stock market was shut on Wednesday, 6 July 2016, on account of Id-Ul-Fitr (Ramzan Id). The stock surged 10.47% to Rs 215.30 on Thursday, 7 July 2016.

On a consolidated basis, net profit of NBCC (India) rose 5.87% to Rs 141.48 crore on 38.80% rise in net sales to Rs 2251.14 crore in Q4 March 2016 over Q4 March 2015.

NBCC (India), formerly known as National Buildings Construction Corporation, 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 31 March 2016).

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