NBCC rose 3.59% to Rs 942.45 at 9:24 IST on BSE after the company said its board will consider a stock split on 11 March 2016.
The announcement was made after market hours yesterday, 2 March 2016.Meanwhile, the BSE Sensex was up 219.47 points, or 0.91%, to 24,462.45.
On BSE, so far 19,000 shares were traded in the counter, compared with an average volume of 39,826 shares in the past one quarter. The stock hit a high of Rs 949 and a low of Rs 928 so far during the day. The stock hit a record high of Rs 1,214.50 on 6 August 2015. The stock hit a 52-week low of Rs 702 on 28 April 2015. The stock had underperformed the market over the past one month till 2 March 2016, sliding 4.41% compared with 1.21% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.61% as against Sensex's 7.18% fall.
The large-cap state-run company has an equity capital of Rs 120 crore. Face value per share is Rs 10.
National Buildings Construction Corporation (NBCC) said that a meeting of the board of directors of the company will be held on 11 March 2016, to consider the proposal for the split of equity shares of the company.
On a consolidated basis, net profit of NBCC rose 13.54% to Rs 57.28 crore on 28.76% rise in net sales to Rs 1421.40 crore in Q3 December 2015 over Q3 December 2014.
NBCC is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 90% stake in the firm (as per shareholding pattern as on 30 September 2015).
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