NCC tumbles after weak Q4 results

NCC lost 6.49% to Rs 85.05 at 9:59 IST on BSE after net profit fell 26.1% to Rs 63.71 crore on 13.53% decline in total income to Rs 2186.50 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 23 May 2017.

Meanwhile, the S&P BSE Sensex was up 78.05 points or 0.26% at 30,443.30. The S&P BSE Mid-Cap index was down 56.17 points or 0.39% at 14,184.71.

On the BSE, 2.74 lakh shares were traded on the counter so far as against the average daily volumes of 6.53 lakh shares in the past one quarter. The stock had hit a high of Rs 87.70 and a low of Rs 83.60 so far during the day.

The stock had hit a 52-week high of Rs 103.75 on 17 May 2017 and a 52-week low of Rs 68.50 on 24 June 2016. It had underperformed the market over the past one month till 23 May 2017, sliding 6.04% compared with the Sensex's 3.41% rise. The scrip had, however, outperformed the market over the past one quarter, advancing 11.19% as against the Sensex's 5.1% rise.

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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