Noida Toll Bridge spurts 38.4% in 7 sessions

Noida Toll Bridge Company was locked at 5% upper circuit at Rs 16.41 at 12:47 IST on BSE, with the stock extending recent rally on sustained buying interest.

Meanwhile, the S&P BSE Sensex was up 138.87 points or 0.43% at 32,297.53. The S&P BSE Small-Cap index advanced 65.98 points or 0.4% at 16,683.82.

On the BSE, 2.03 lakh shares were traded on the counter so far as against the average daily volumes of 96,361 shares in the past one quarter. The stock had opened with an upward gap and remained locked at 5% level so far during the day. The stock had hit a 52-week high of Rs 24.35 on 20 September 2016 and a 52-week low of Rs 8 on 17 August 2017.

The stock had outperformed the market over the past one month till 12 September 2017, advancing 83.67% compared with the Sensex's 3.03% rise. The stock had also outperformed the market over the past one quarter, gaining 47.04% as against the Sensex's 3.42% rise. The scrip had, however, underperformed the market over the past one year, sliding 32.48% as against the Sensex's 13.42% rise.

The small-cap company has equity capital of Rs 186.20 crore. Face value per share is Rs 10.

Shares of Noida Toll Bridge Company have rallied 38.48% in seven trading sessions to its ruling market price, from its close of Rs 11.85 on 4 September 2017.

Noida Toll Bridge Company reported net loss of Rs 14.55 crore in Q1 June 2017 compared with net profit of Rs 13.58 crore in Q1 June 2016. Net sales declined 88.2% to Rs 3.74 crore in Q1 June 2017 over Q1 June 2016.

Noida Toll Bridge Company's principal business is operating the bridge and generates revenue mainly through the levy of toll on bridge-users.

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