New orders boost NBCC (India)

NBCC (India) rose 0.49% to Rs 225.60 at 13:50 IST on BSE after the company said it has secured new business totaling Rs 596.41 crore in December 2016.

The announcement was made during market hours today, 19 December 2016.

Meanwhile, the BSE Sensex was down 65.63 points, or 0.25%, to 26,423.93

On the BSE, 55,000 shares were traded on the counter so far as against the average daily volumes of 2.08 lakh shares in the past one quarter. The stock had hit a high of Rs 227.30 and a low of Rs 223.50 so far during the day. The stock hit a record high of Rs 299.20 on 5 October 2016. The stock hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past 30 days till 16 December 2016, rising 3.53% compared with the 1% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, declining 9.51% as against Sensex's 7.38% decline.

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

NBCC (India) said it has secured new works for the construction of residential cum training complex for Special Protection Group (SPG) at Sector - 21, Dwarka, New Delhi and construction of guest house for government of Gujarat at Akbar Road, New Delhi amounting to Rs 466.41 crore and Rs 130 crore, respectively, in December 2016.

NBCC (India)'s consolidated net profit rose 1.42% to Rs 69.11 crore on 15.75% increase in net sales to Rs 1224.41 crore in Q2 September 2016 over Q2 September 2015.

NBCC (India) 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 30 September 2016).

Powered by Capital Market - Live News