 "Jaypee's CoC will meet on May 9 to discuss NBCC's revised bid")
NBCC (India) shares tumbled 14 per cent to Rs 34 apiece, trading near the stock's five-year low price on the BSE on Friday on weak June quarter results. The state-owned construction & engineering company reported a 38 per cent drop in its consolidated net profit at Rs 51 crore in the June quarter (Q1FY20), due to poor performance by real estate segment. It had a profit of Rs 83 crore in the same quarter year ago.
The stock was trading at its lowest level since September 16, 2014, when it hit a low of Rs 33.80 in intra-day trade.
The stock was trading at its lowest level since September 16, 2014, when it hit a low of Rs 33.80 in intra-day trade.
