NLC India jumps after reporting stellar Q4 numbers

NLC India jumped 6.74% to Rs 106.05 at 12:01 IST on BSE after net profit surged 277.9% to Rs 1,501.47 crore on 55.2% increase in net sales to Rs 2,841.86 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 30 May 2017.

Meanwhile, the S&P BSE Sensex was up 22.24 points, or 0.07% at 31,181.64.

On the BSE, 1.06 lakh shares were traded on the counter so far as against the average daily volumes of 73,962 shares in the past one counter. The stock had hit a high of Rs 108.95 and a low of Rs 104.75 so far during the day.

The stock had hit a 52-week high of Rs 123 on 23 March 2017 and hit a 52-week low of Rs 68.05 on 3 June 2016. The stock had underperformed the market over the past one month till 30 May 2017, declining 5.83% compared with the Sensex's 4.15% rise. The scrip had also underperformed the market over the past one quarter advancing 7.58% as against the Sensex's 8.41% rise.

The large-cap company has equity capital of Rs 1528.57 crore. Face value per share is Rs 10.

NLC India operates lignite mines, pithead thermal power stations and also has operations in renewable energy sector.

As per the shareholding pattern as on 31 March 2017, the Government of India held 89.33% stake in the company.

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