NBCC (India) rose 0.88% to Rs 258.90 at 12:31 IST on BSE after the company's proposal for upgradation and maintenance of Purana Quila, New Delhi was accepted by the tourism ministry.
The announcement was made during market hours today, 27 October 2017.Meanwhile, the S&P BSE Sensex was up 84.28 points or 0.25% at 33,231.41.
On the BSE, 1.37 lakh shares were traded on the counter so far as against the average daily volumes of 1.91 lakh shares in the past one quarter. The stock had hit a high of Rs 263.20 and a low of Rs 253.70 so far during the day. The stock had hit a record high of Rs 271.95 on 25 October 2017 and a 52-week low of Rs 133.07 on 9 November 2016.
The stock had outperformed the market over the past one month till 26 October 2017, rising 23.63% compared with 6.38% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 21.75% as against Sensex's 2.59% rise. The scrip had also outperformed the market in past one year, surging 60.61% as against Sensex's 18.74% rise.
The large-cap company has equity capital of Rs 180 crore. Face value per share is Rs 2.
On a consolidated basis, net profit of NBCC (India) rose 25.7% to Rs 59.16 crore on 0.8% rise in net sales to Rs 1548.90 crore in Q1 June 2017 over Q1 June 2016.
NBCC (India) said that had submitted an Expression of Interest (EoI) for 'Adopt a Heritage Project' a scheme under Ministry of Tourism, Government of India for Purana Quila, New Delhi. The proposal of NBCC (India) has been accepted by Ministry of Tourism, Government of India for up-gradation and maintenance of Purana Quila, New Delhi.
NBCC (India), a blue-chip Government of India (GoI) Navratna enterprise under the Ministry of Urban Development, is present in three segments of operations including project management consultancy (PMC), real estate development and EPC contracting. The GoI held 75% stake in the firm (as per shareholding pattern as on 30 September 2017).
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
