NCC jumps on bargain hunting

NCC rose 8.31% to Rs 43 at 14:11 IST on BSE on bargain hunting after the stock fell 9.67% in the preceding three trading sessions to Rs 39.70 on 16 October 2014, from a recent high of Rs 43.95 on 10 October 2014.

Meanwhile, the BSE Sensex was up 163.83 points, or 0.63%, to 26,163.17.

On BSE, so far 3.68 lakh shares were traded in the counter, compared with an average volume of 4.33 lakh shares in the past one quarter.

The stock hit a high of Rs 43 and a low of Rs 38.50 so far during the day. The stock hit a 52-week high of Rs 54.32 on 20 May 2014. The stock hit a 52-week low of Rs 13.14 on 17 October 2013.

The stock had underperformed the market over the past one month till 16 October 2014, falling 4.48% compared with 1.86% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 12.88% as against Sensex's 1.76% rise.

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

On a consolidated basis, NCC reported a net loss of Rs 20.52 crore in Q1 June 2014 as against net profit of Rs 5.81 crore in Q1 June 2013. Net sales rose 11.8% to Rs 1808.89 crore in Q1 June 2014 over Q1 June 2013.

NCC's range of business verticals comprising of buildings & housing, transportation, water & environment, irrigation, power, electricals, metals, oil & gas and international business reflect an expertise positioned to capture every infrastructure upturn.

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