NCC tanks on weak Q2 results

NCC tumbled 10.23% to Rs 77.20 at 14:55 IST on BSE after net profit fell 7.76% to Rs 51.18 crore on 8.17% decline in total income to Rs 1972.95 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 9 November 2016.

Meanwhile, the S&P BSE Sensex was down 394.74 points or 1.43% at 27,196.40.

On BSE, so far 16.45 lakh shares were traded in the counter as against average daily volume of 9.31 lakh shares in the past one quarter. The stock hit a high of Rs 80.80 and a low of Rs 71.20 so far during the day. The stock had hit a 52-week low of Rs 55.80 on 12 February 2016. The stock had hit a 52-week high of Rs 95.65 on 26 October 2016. The stock had outperformed the market over the past one month till 8 November 2016, sliding 0.69% compared with 1.67% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 9.21% as against Sensex's 2.1% fall.

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

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

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