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NCC records sharpest intra-day fall in 30 months; stock tanks 17%

The Hyderabad-based company had received new orders totaling to Rs 8,707 crore (exclusive of GST) during February and March 2019

Asset sale proceeds to aid NCC Limited bottom-line in the second half of FY16
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SI Reporter Mumbai
NCC shares tumbled 17 per cent at Rs 97 on BSE on Friday to record their sharpest intra-day fall in the past 30 months, on report that the YS Jaganmohan Reddy government had decided to cancel projects sanctioned by Chandrababu Naidu in Andhra Pradesh.

The stock reported its biggest intra-day decline since November 9, 2016. The counter has seen huge trading volumes with a combined 71 million shares, representing 12 per cent of total equity of NCC, changing hands on the NSE and BSE till 12:49 pm.

According to a PTI report, hours after it assumed office, the Y

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First Published: May 31 2019 | 1:15 PM IST

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