NCC drops after FII sells stake

Marutius-based Warhol sold nearly 80-lakh shares via bulk deals on the BSE and NSE

Shares of NCC were down over 3% at Rs 67 after a foreign fund sold nearly 80 lakh shares of the company through block deals on the Bombay Stock Exchange and National Stock Exchange on Thursday.

Mauritius-based Warhol Ltd sold 31,86,239 shares at Rs 69.07 on the Bombay Stock Exchange and 48 lakh shares at Rs 69.07 on the National Stock Exchange, according to bulk deal data on the stock exchanges.

Hyderabad-based NCC, earlier known as Nagarjuna Construction Company, offers services across multiple divisions to address infrastructure needs.

The stock opened at Rs 68.30 and touched a low of Rs 66.80 so far. Over 800,000 shares were traded on both the stock exchanges so far.