NCC corrects on profit booking

NCC fell 6.93% to Rs 88 at 15:12 IST on BSE on profit booking after the stock surged 23.84% in the preceding four trading sessions to Rs 94.55 on 3 March 2015, from a recent low of Rs 76.35 on 26 February 2015.

Meanwhile, the BSE Sensex was down 195.84 points, or 0.66%, to 29,397.89.

On BSE, so far 12.90 lakh shares were traded in the counter, compared with an average volume of 16.80 lakh shares in the past one quarter.

The stock hit a high of Rs 94.55 and a low of Rs 86.30 so far during the day. The stock hit a 52-week high of Rs 97.45 on 3 March 2015. The stock hit a 52-week low of Rs 16.31 on 4 March 2014.

The stock had outperformed the market over the past one month till 3 March 2015, rising 29.88% compared with 2.05% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 39.56% as against Sensex's 4.05% rise.

The mid-cap company has an equity capital of Rs 111.19 crore. Face value per share is Rs 2.

On a consolidated basis, NCC's net profit surged 438.32% to Rs 25.57 crore on 40.27% increase in total income to Rs 2669.65 crore in Q3 December 2014 over Q3 December 2013.

NCC is a construction company. The group undertakes civil and structural infrastructure projects, real estate development and light engineering projects.

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